Interactive’s Sosnick Says Bank Turmoil Isn’t Like 2008, But It Rhymes
The chief strategist joins What Goes Up to explain lessons learned from the financial crisis, and how the current situation isn’t quite like it—yet.
An employee of Lehman Brothers carries a box out of the company's headquarters in New York on Sept. 15, 2008.
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When Steve Sosnick recalls 2008 and tries to make parallels to the current turmoil in the banking sector, one memory sticks out: riding the elevator with Thomas Peterffy, founder of Interactive Brokers, who offhandedly asked him “what’s new?”