The crucial period came over 24 hours starting March 13, when Schwartz, 57, realized withdrawals by customers and lenders had escalated so rapidly they would wipe out the firm’s $17 billion in cash, and culminated in a 5 a.m. conference call the next day among regulators including Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson.

Quelle: Bear’s Schwartz Fought Failure as Cayne Played Bridge (Update1)

Bank Run! Gab’s doch vor 75 Jahren auch schon mal in New York …