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Sheila Bair
Memories of the financial crisis, five years later
Memories of the financial crisis, five years later

The excited voices on CNBC radio riveted financial adviser John Bacci's attention as he drove to Chestertown five years ago for a routine client visit. The stock market was in freefall that Sept. 29 after Congress rejected a $700 billion rescue of the financial industry and the Dow Jones industrial average plunged 778 points — the largest one-day point loss ever. As he walked into the client's house, he avoided shaking her hand. "My hands were clammy," said Bacci, president of the Linthicum firm Foundation Financial Advisors. "I didn't want her to feel my palms." The stock market crash was among the many reverberations following the bankruptcy two...

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