‘I was finding it a little hard to breathe. There was a bank run happening, in New York’s financial district. The people panicking were the Wall Streeters who best understood what was going on.’ Should he report what was happening? Given the severity of the crisis, Authers decided it would only make the situation worse. ‘Such a story on the FT’s front page might have been enough to push the system over the edge.’ His counterparts at other newspapers came to the same conclusion, and the news went uncovered.
