"Our liquidity and balance sheet are strong.... We don't see any pressure on our liquidity, let alone a liquidity crisis." -- CEO Alan Schwartz to CNBC on March 12, 2008
Time to Armageddon: Less than 36 hours
Sought emergency funding from the Federal Reserve on March 13, 2008, and was then sold to J.P. Morgan. Brooklyn U.S. prosecutors poked around, but there appears to be no active inquiry.
NEXT: Countrywide Financial Corp.