Thursday, June 4, 2015

When Wall Street nearly collapsed

How soon we forget.

http://archive.fortune.com/galleries/2009/fortune/0909/gallery.witnesses_meltdown.fortune/
On the Wednesday and Thursday after Lehman filed for Chapter 11, I asked my wife to please go to the ATM and take as much cash as she could. When she asked why, I said it was because I didn't know whether there was a chance that banks might not open. I remember my wife sort of pausing and saying, "Are you serious?" And I said, "Yes, I am."

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