Panic and fear in the markets from "summary" of Too Big to Fail by Andrew Ross Sorkin
The markets were in a state of chaos. Investors were gripped by an overwhelming sense of panic, causing them to make irrational decisions based on fear rather than logic. The fear was palpable, spreading like wildfire through the trading floors and boardrooms of Wall Street. As the panic intensified, stock prices plummeted, wiping out billions of dollars in market value within a matter of hours. Investors scrambled to sell off their holdings, desperate to cut their losses before it was too late. The selling frenzy only served to drive prices even lower, creating a vicious cycle of fear and uncertainty. The fear was not limited to individual investors. Banks and financial institutions were also caught in the grip of panic, unsure of which of their counterparts might be on the brink of collapse. Rumors swirled...
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