60 Minutes: The case against Lehman Brothers [VIDEO]

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The case against Lehman Brothers [VIDEO]

The case against Lehman Brothers [VIDEO]

Steve Kroft investigates the collapse of Lehman Brothers, which triggered a chain reaction that produced the worst financial crisis and economic downturn in 70 years.

(CBS News) It’s hard to overstate the enormity of the 2008 collapse of Lehman Brothers. It was the largest bankruptcy in history; 26,000 employees lost their jobs; millions of investors lost all or almost all of their money; and it triggered a chain reaction that produced the worst financial crisis and economic downturn in 70 years.

Yet four years later, no one at Lehman has been held responsible. Steve Kroft investigates the collapse of Lehman Brothers: what the SEC did and didn’t know about the firm’s finances, the role of a top accounting firm, and why no one at Lehman has been called to account.

[CBS]

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