The recession's calm before the storm in began in the spring of 2008 with the market dropping and banks running low on money. It was if the stock market was in a ´freefall´ they described it. As everyone began to notice the descending market and realized that this was a ´formula for disaster´ and that there was nothing you could do to stop it. Thursday, the reserves were almost completely empty and it was still dramatically dropping. As the day went on people began to see the realism of the situation and that they weren't going to be able to open the banks the following day, the employees noticed a tie with Bear Stearns and knew that the Federal Reserve Bank in New York would be their last shot at stopping the economy from going into oblivion.
