Explore New York's financial district while you learn the story behind the seismic 2007- 2009 financial collapse and gain a better understanding of the money markets.
What really brought down Bear Stearns, Lehman and AIG? Hear first hand accounts of their final days from an insider.
What is a (CDO) Collateralized Debt Obligation? What is a (CDS) Credit Default Swap? How were they able to destroy financial institutions around the world?
What's it like to be a Wall Street trader and what do they actually do? Learn about the trading culture and lifestyle on this illuminating Wall Street tour.
When you go back, impress your friends with your financial know-how.
Monday, Wednesday, Friday and SundayDuration
2 hoursStart time
The tour starts from15 Broad Street, across from NY Stock Exchange where your guide will be waiting outside.
Please report at the meeting point 15 minutes before the start time. This is mandatory to allow time for pre-departure briefing.
The tour ends at the Federal Reserve Bank, 33 Liberty Street
Get the inside story of the 2007-2009 global recession on the Wall Street Financial Crisis Walking Tour. Make your way to 15 Broad Street, across from NY Stock Exchange, to meet your English speaking guide.
This tour combines Wall Street's history with first-hand accounts of the financial crisis. This is mostly an outdoor walking tour with a chance go inside a few of the buildings.
As you walk around the financial district you will gain a greater understanding of the markets and learn about the shadow banking system that government ignored until it was too late. You'll get the lowdown on what really caused the collapse of giants such as Bear Stearns, Lehman and AIG.
You will also find out about the life of a Wall Street trader and how some traders made billion dollar profits while banks collapsed.
Plus you'll discover the financial district's rich architecture and trivia and view evidence of the skyscraper race within the concrete jungle.
Highlights of your tour include:
New York Stock Exchange: The world's largest stock exchange by dollar value of its listed companies' securities. Closed to visitors.
House of Morgan: Home of JP Morgan Chase & Co.,one of the banks to be bailed out by the US treasury in October 2008.
Deutsche Bank: Reported its first annual loss in five decades for the 2008 financial year.
AIG (American International Group): This major American insurance corporation suffered a liquidity crisis in September 2008 and was the recipient of a Federal Reserve Bank bailout.
Goldman Sachs: A bank holding company. Suffered from the mortgage and derivatives meltdown, but sustained less damage than others.
Lehman Brothers: Formerly one of the world's biggest investment banks. It filed for bankruptcy protection in September 2008, the largest bankruptcy filing in US history.
As well as the above places of interest, you will also see: Federal Hall, Trump Tower, Stone Street, Cotton Exchange, Cocoa Exchange, Charging Bull, American Express, Trinity Church, and the Federal Reserve Bank.
Your tour ends at the Federal Reserve Bank.
Please call the activity operator at least 24 hours prior to start of the tour for reconfirming departure details.
Minimum passengers required for this tour are 2.
A little expensive. Would be good if everyone was on time to start....ailsa e dunsford, Australia, 24/May/2013