everyone remembers September 15th, that was the day Lehman Brothers filed for bankruptcy. So everyone looks at that says that was ground zero in the crisis. But that actually started in the spring of 2007 over a year before when the first signal, I mean some insiders saw this, people like Kyle Bass and others, anyone saw the movie The Big Short knows that there were people who were onto this. But as far as the general public or average investors are concerned, the first clue was on the spring of 2007 HSBC. And because the public company announced that its earnings, they lowered their earnings expectations and they specifically said, we're losing some money and mortgages here. What an amazing time. Well, that was an alarm. And then at the end of July, there were two Bear Stearns hedge funds that actually went out of business. There wasn't Bear Stearns itself. That happened in March 2008, but these two funds went out of business. Then Sock, Jens, Societation, et al. Suspended money (34/98)
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