Jeffrey Immelt on How GE Survived the Financial Crisis

The transcript discusses the impact of unimaginable events like 911 and the global financial crisis, highlighting how these events made business leaders more aware of risks. It details the bankruptcy of Lehman Brothers and Washington Mutual, emphasizing the significance of bondholders being wiped out. The narrative then shifts to the decision to raise $15 billion in equity, describing the stress and urgency of the situation. Finally, it reflects on the lessons learned from the crisis, emphasizing the importance of moving quickly in uncertain times.

How did the speaker describe the day Lehman Brothers went bankrupt?

What was the outcome of the TARP vote mentioned in the text?