It was kind of weird, to be honest. It is difficult to underestimate the cult of personality that existed around Dick Fuld.

It was kind of weird, to be honest. It is difficult to underestimate the cult of personality that existed around Dick Fuld. Even though it was patently obvious that the whole thing had blown up and, by that point, with a few weeks to go, everyone had given up on the idea that Lehman was going to exist as an independent entity, my recollection is that there wasn't a huge amount of panic. If anything, there was quite a lot of complacency.