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Re: Thirteen Years Ago Today

By Mr Nice (Forever Claret 83)15/9 11:40Wed Sep 15 11:40:43 2021In response to Re: Thirteen Years Ago Today

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I remember getting a call from one of our custodians in a panic as they'd heard HBOS were about to sink and what did we want to do. That was one I was thankfully able to quickly pass up the chain for someone to sort out. I found it all a bit fascinating really in a watching car crash kind of way. I was junior enough to not have to make any decisions and so was really just an observer of it all with little personal risk to me.

We weren't that exposed to Lehmans either but what we learnt was we had bad infomation as no one could quickly answer the question on what our exposure, if any, was. It took a couple of days for it to be all pulled togethers. Times have changed since then for sure.

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