29 of 30
BACKNEXT
Maria Bartiromo: Nobody was infallible
Maria Bartiromo: Nobody was infallible
Anchor on CNBC

Things were changing so quickly. I remember speaking to a source inside Lehman who said that he was inside Dick Fuld's office and Dick was on the phone with Ken Lewis on Friday and he said, "I look forward to being your partner," to Ken Lewis.

And then by Sunday -- even, actually, by Saturday -- Ken Lewis had agreed to buy Merrill and not Lehman, and Lehman had agreed to file.

Things were moving at an incredibly fast clip. All weekend, I was on the phone with various players within the story. There was a feeling in the air this had never been seen before, and there was a real scare that some of the so-called strongest institutions were going to go down.

The most unbelievable thing was that nobody was infallible. For a moment there, even the kingpins of international finance, Goldman Sachs, was questioning what would be next.

NEXT: David Nason: Praying you don't make a mistake
Last updated September 14 2009: 3:19 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
5 biggest share buybacks of 2014 Stock repurchases are booming. These five companies are ready to spend over $79 billion on buybacks. More
10 horrifying corporate mascots McDonald's Happy is part of a long lineage of creatures great and small that shill for products and mortify consumers. Mr. Mucus, anyone? More
5 best cities to launch a career The top spots in the U.S. for new grads to land a job -- and actually enjoy life -- according to financial site WalletHub. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.