- Says financial panic began in August 2007
- Had no choice but to let Lehman Brothers fail in 2008
- Decided AIG had enough collateral to receive loan
- Lehman had no buyers and no way yo put capital into company
- In 2008, at the bottom, it was a financial panic
Uncle Ben is taking a trip down memory lane at a retail convention in New York
To this day I’m still amazed at the speed that things turned sour.
