hiatus member in 1997, 1998. It looked like it calmed down by the winter, but by the spring, it came back again. March 2008, Bear Stearns goes out. June, July 2008, Fannie and Freddie go out. Then of course, September, Lehman. I remember talking about this in the book in August. What a time. Yeah. What a time. But I was sitting there watching this like, I've seen this movie. I had lived through it with Long Term Capital. I know that the scale of the system is so big that these are slow motion crises. It's not like two cars hitting each other. It ends up that way, but it's like, actually, imagine two cars hitting each other, but you're watching it in slow motion. And you're like, whoa, those cars are going to hit each other. Oh my God. They're heading right for each other. This is going to be really bad. That's how I felt in late 2007, 2008 watching this. But just to illustrate that point, so it's August 2008. We're in the middle of the presidential election campaign. And it's McCain (38/98)
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