In the week of August 13 participants in the financial markets – credit traders, equity investors, heads of repo desks, hedge fund managers, risk controllers, originators and capital markets bankers, credit strategists, treasurers, chief financial officers – began to lose faith in the financial system itself. But why? What happened in this momentous week and how did it affect the financial global markets? Peter Lee was pounding the sidewalks of New York, sharing the bemusement of Wall Street.
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