— Matt Taibbi and Molly CrabappleLehman was left without enough money to open for business the next morning. If it didn’t declare bankruptcy by morning, the bank would implode, and its leveraged-to-the-hilt, $700 billion nuke-bomb of a balance sheet would detonate, perhaps igniting a global chain reaction of losses.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 158)