Schaefer

April 19, 2009, The New York Times — On Friday, March 14, 2008, Kip Schaefer was at his job at Bear Stearns, fielding call after call from agitated investors who, in one cataclysmic day, canceled billions of dollars in trades, creating a run on the nation’s fifth-largest investment bank and shuttering it by weekend’s end. Mr. Schaefer, who worked at the firm for 12 years, likened the trauma of that day to the death of a family member.