Failure or fraud

Failure or fraud


Download or subscribe to this programme's podcast.


As the global banking crisis deepens, a flood of multi-million dollar lawsuits is beginning to shed light into some of the darkest corners of international finance.

The BBC's Michael Robinson investigates these cases and what they reveal about the present disaster.

Some cases claim to show how well-known banks protected their profits by deceiving investors.

Others accuse top bank executives of using insider information to sell personal shareholdings before bad news about their bank was revealed.

The legal papers claim that the system that should independently rate the risk of investments was compromised.

While policymakers struggle to prevent a rerun of the Great Depression of the 1930s, these cases help highlight what some now call the greatest failure of regulation in modern financial history.

First broadcast Friday 24 October 2008

Terms of Use

The BBC Podcasts are for your personal non-commercial use only.

All title, ownership rights and intellectual property rights in and to the BBC Podcasts shall remain the property of the BBC or third parties.

You may not edit, alter, adapt or add to the BBC Podcast in any way. The BBC Podcasts are made available by the BBC on an "as is" and "as available" basis and the BBC gives no warranty of any kind in relation to the BBC Podcast.

To the maximum extent permitted by law the BBC will not be liable for any loss or damage which you may suffer as a result of or connected to the download or use of the BBC Podcasts.

See the full BBC Podcast: Standard Licence Terms here.