• 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.