MONDAY 15TH SEPTEMBER 22.30 BST - BBC TWO FROM PROGRAMME PRODUCER SIMON ENRIGHT Hello, Wall St wobble We're live from Wall Street tonight on a dramatic day for the financial markets. The financial news overnight was grim - Lehman Brothers, the fourth-largest US investment bank, has filed for bankruptcy; Merrill Lynch has agreed to be taken over by Bank of America; insurer AIG is trying to raise funds to save itself from collapse. The effect on the markets has been predictable: stocks have tumbled in value, and banking shares have been hardest hit. A few weeks ago the US financial authorities stepped in to save mortgage giants Freddie Mac and Fannie Mae - no such help has been forthcoming this time. Were they right to let Lehman Brothers go under? Our Economics Editor Paul Mason will be reporting from Wall Street on the day's historic events. And in the studio, Newsnight is assembling a panel of experts to discuss what went wrong and, crucially, who might be next? Labour Margaret Beckett is the latest MP to call for Labour rebels to get behind Gordon Brown or risk paying a heavy price at the next election. David Grossman will have the latest on the leadership issue and the talk behind the scenes. Zimbabwe An historic power-sharing deal was signed and sealed today in Zimbabwe. But will bitter rivals Robert Mugabe and Morgan Tsvangirai really be able to work together and how will they combat the country's colossal inflation problem? Lib Dems change their spots Conference season kicks off with the Liberal Democrats in Bournemouth and leader Nick Clegg has already scored a hit - members have backed his plans to promise tax cuts for people on low and middle incomes. Is this a bid to win over Tory voters? Our Political Editor Michael Crick is at the conference and we'll be speaking to Nick Clegg about the direction his party is taking. Missed Newsnight Review? Click here to watch online Newsnight Blog Add your comments to our correspondents' blogs: CLICK HERE |