At the heart of the story is Alan Greenspan, who for 20 years was one of the most powerful people in the world. In October 2008, weeks after the catastrophic collapse of Lehman Brothers, the man whose ideas influenced the world admitted he might have been 'partially' wrong.
The programme explains how we changed our attitude to risk, learnt to live with debt and, above all, how governments stepped back from regulating any of it. At the heart of the story is Alan Greenspan, who for 20 years was one of the most powerful people in the world. In October 2008, weeks after the catastrophic collapse of Lehman Brothers, the man whose ideas influenced the world admitted he might have been 'partially' wrong.
The Age of Risk in more depth
Bubbles and savings
BBC
Professor Robert Shiller talks us through how the financial crisis has become global and why the growth of communication has added to our financial risk... Read more : Bubbles and savings
Has the financial sector got too big for its bonus?
Peter Thwaite under CC-BY-SA licence
Alan Shipman asks whether there's a case for reducing the size of the financial sector. Read more : Has the financial sector got too big for its bonus?
Back from the Brink
The third episode in the series considers what lessons have been learned, as we step Back from the Brink.
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