2008: Banks on the Brink

What began in 2007 as a collapse of "sub-prime" real estate loans spread in 2008 to threaten Wall Street's most powerful banks--and, eventually, everything from small business lending to money market funds. The financial crisis dominated the first term of new President Barack Obama, spawned two different protest movements--the Tea Party and Occupy Wall Street--and pulled everyone from bank CEOs to Warren Buffett's secretary into a debate over regulation and taxation. (Left, bank CEOs Lloyd Blankfein of Goldman Sachs [GS], Jamie Dimon of JPMorgan Chase [JPM], John Mack of Morgan Stanley [MS], and Brian Moynihan of Bank of America [BAC] testify before the Financial Crisis Inquiry Commission on January 13, 2010.) What follows is a look at some of the key characters in the financial crisis and where they are now.

Photograph by Melissa Golden/Redux

 
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