“Buffett says the financial system was within days or hours of collapse last September.”
I still would like to know who was behind the run.
It was the Lehman collapse then AIG and money markets were draining, all within a day or so. I believe the problem was the markets expected Lehman to be saved/taken under like Bear was. When it wasn’t, chaos ensued. The govt has created uncertainty in the markets and continues to do so. The run on Lehman and the mm accts was more than one person.