Montag, 17. März 2008

17 Milliarden abgehoben

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 …

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Labels: USA, Wirtschaft

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