here to help us today two of our favorite people, ryan mack, president of optimum capital management and lynnette khalfani-cox, welcome to both of but >> thank you for having me. >> lynnette, what are the lessons we've learned here? >> we can't take risks we shouldn't be taking, overextending yourself with credit and debt, "leverage" as they say on wall street. for consumers one of the big lessons i'm glad to see we've learned we've got to save and get back to basics and we're seeing that reflected in the numbers. people are, in fact, saving more, after so many years, where the savings rate was flat to negative and that's a good thing. >> that's definitely a good thing. what would you say? >> savings is one of the top key issues, when individuals say emergency fund and making sure that it's that much more important, 9.7% unemployment rate, a lot of people losing their jobs, six to nine months of living expenses is imperative. if it costs you $2,000 to support yourself in a given month you need to save $12,000, seems like a whole lot of money. make mohills from your mountains. divide

stephen reid, christine romins and "money" magazine senior writers walter upgrade and donna rosado and ryan mack>> thanks. first, how did we get here? one year ago this week america's subprime cross-iisis became a financial crisis. mortgage defaults became in a matter of days something much bigger. money, september 15th, 2008. wall street is in a panic. lehman filing for bankruptcy after no one would buy it. the immediate fallout, already skiddish credit markets around the world freeze. banks won't lend. not to businesses, not to each other. >> many lenders have been reluctant to provide credit. >> without the flow of money, the entire global financial system is at risk. >> good evening, we begin with breaking news about the crisis on wall street. >> the credit system in this country is coming to a halt. >> that day the dow closes more than 500 points lower. >> americans are as worried about bailing out wall street as they are about not bailing it out. >> enter the u.s. government and fast. the next morning a staggering $85 billion bailout of aig, american international group. >> government -- >

here to help us, ryan mack is the president of optimum capital management, and lynnette cox is the authort to start with you, what are the lessons we've learned here, do you think? >> i think one thing that is we can't take risks that we shouldn't be taking, obviously, whether it's overextending yourself with credit and debt, leverage as they say on wall street. clearly for consumers i think one of the big lessons that i'm glad to see we've learned is that we've got to save, we've got to get back to basics. and we're seeing that reflected in numbers. people are, in fact, saving more. after so many years where the savings rate was flat to negative. that's a good thing. >> that's definitely a good thing. ryan, what would you say? >> definitely savings is one of the key issues. when individuals say emergency fund and making sure it's that much more important. 9.7% unemployment, people losing jobs, six to nine months of living expenses is imperative. if it costs $2,000 to support yourself in a given month, you need to save $12,000. make mole hills from mountains. save $1,000 12 times and divi

twice last night ryan zimmerman got robbed here. will venable, the son of mack a great player. fighting catch, picks it up off the ground. obviously opportunities were there last night to score more than one run. intelsat just couldn't get the ball down. >> the slide continues. a five game losing streak. the nationals have won what? 12 of their last 15 ballgames. in this look at the average, down to .214 '313. they scored one run each of the last three games. > >> phil: the sad part is they have pitched so well, outside of the road trip. they cannot seem to come up with hits. >> johnny: and ryan zimmerman admits, do you have give the padres some credit. >> we have faced some good pitching. we have hit some good balls, too. it is one of those times where it seems like everything we hit gets caught and you have to give their guys credit, too. obviously st. louis has good pitching and they have some good arms here. it is tough, but you have to keep battling through it and go out and keep playing. >> johnny: they can't get more than one run a ballgame. how do you ge