The Weekend That Changed Wall Street: An Eyewitness Account

The Weekend That Changed Wall Street: An Eyewitness Account

by Maria Bartiromo
     
 

"Another source in the Treasury spoke with me, the sadness and frustration clear in his voice. 'It wasn't like a decision was made on Friday that these guys were just doomed and we were going to let them go. There was an attempt over that entire weekend to save them. And the fact is, we didn't. So in that sense it was a failure, and once Barclays pulled out, we

Overview

"Another source in the Treasury spoke with me, the sadness and frustration clear in his voice. 'It wasn't like a decision was made on Friday that these guys were just doomed and we were going to let them go. There was an attempt over that entire weekend to save them. And the fact is, we didn't. So in that sense it was a failure, and once Barclays pulled out, we didn't have any other options. We didn't have the legal authority to do anything differently. So I don't blame us for failing that weekend. I blame the fact that we didn't have mechanisms set up in advance to deal with these sorts of contingencies'. He sighed and added, 'It would be great if we were all smarter, but we're not.'"

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Product Details

ISBN-13:
9781591843511
Publisher:
Penguin Group (USA) Incorporated
Publication date:
09/07/2010
Pages:
240
Product dimensions:
6.22(w) x 11.04(h) x 0.85(d)
Age Range:
18 Years

Meet the Author

Maria Bartiromo is the anchor of CNBC's Closing Bell with Maria Bartiromo and the host and managing editor of the nationally syndicated Wall Street Journal Report with Maria Bartiromo. Previously she wrote a weekly column in BusinessWeek and for ten years reported from the New York Stock Exchange for CNBC.

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