Interview with John Thain

On the anniversary of the collapse of Lehman Brothers, John Thain provides the inside story of the race to save Lehman. He gives Greg Farrell his account of the weekend of September 12th 2008, where Wall Street searched for a solution for the ailing bank inside the New York Fed. Thain also explains why, by the end of the weekend, he sold his company Merrill Lynch to Bank of America.