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Where were you nine years ago? August 17th 2007 that's where I marked the beginning of the

financial crisis some debate about which date to use but I'll go with the 17th that big move we saw in three

month T-Bell I remember interviewing David Malpass and Alan Melzer on the

afternoon of the 17th nine years ago that was an extraordinary interview

with Professor Melzer about how the Central Bank of the United States would come

to the rescue that'll be one of our themes through all of this morning.

Michael McKee and Tumkey, thrilled you're with us worldwide, particularly thrilled you're

with us if you're part of Global Wall Street and you've survived nine years.

There is no one more perfect to talk about nine years back

and look nine years forward than Jason Trenton of strategic research for years with Ed Hyman at ISI and then one day you

had to walk into Ed's office and say I want to set up my shop because Ed I want to set up strategic research so there could be a financial

crisis next months later.

Yeah, I mean, you know, sometimes you bet it, we often joke that if we were such great financial you know

...