19 of 30
BACKNEXT
Amy Brinkley: Unlike anything in my lifetime
Amy Brinkley:  Unlike anything in my lifetime
Former chief risk officer of Bank of America

It took no time at all to recognize we were into a period of unprecedented uncertainty, volatility, and a loss of confidence that was unlike anything I'd seen in my lifetime. We also then knew that the financial crisis was going to move to the real economy.

We had people working round the clock on what we called more or less counter-party preparedness -- recognizing there were a dozen or more institutions that could go into a crisis mode at any time.

We literally had a command center set up that was working 24/7. We had food in the command center and we ran shifts, so people could get some rest and others could be ready to notify key people of events within seconds. But even sleep tended to come in two-hour naps.

The closest of anything I'd experienced in my career in terms of the minute-to-minute intensity was 9/11. It didn't have the same human tragedy, and the duration of the crisis was different, but you had the need to anticipate the effects. You're trying to think ahead to what else this might mean in rapid-fire order.

Both 9/11 and this have probably changed my worldview forever.

NEXT: Wilbur Ross: Lehman's death a tragic 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.