“The Federal Reserve chairman and senior economic officials of the Bush administration solemnly filed into the large conference room of the Treasury Department. There was a sense of urgency, an understanding that drastic action — restructuring the financial landscape of corporate America — was desperately needed. Last week? Last night, as the president and his advisers prepared for his address to the nation? Hardly. It was Feb. 22, 2002…. The crisis of that moment was the implosion of Enron, Global Crossing and other companies.”
Ron Suskind, The Crisis Last Time. How quickly we forget.
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