The 2008 financial crisis was far beyond the confines of Wall Street. Panic: The Untold Story of the 2008 Financial Crisis/Uncovering the Financial Crisis: How the 2008 Panic Unfolded, Andrew Ross Sorkin, Vice/HBO 2023
What happened at Bear Stearns was the first demonstration of what the crisis looked like. ibid. Sorkin
There was an incentive to chop up these loans because along the way there was a profit, a fee for each institution that touched a piece of the loan. ibid. Sorkin
There was so little transparency and so little confidence in these securities that financial institutions were struggling. ibid. Hank Paulson
We were a few days away from the ATMs not working. ibid. dude
It’s embarrassing for the United States of America. ibid. Paulson
The intervention I think saved Depression. ibid. George W Bush