How could the firm disappear in less than two weeks after one senior manager assured certain employees that the financial condition was sound - more than that, strong? How could any firm with $880 million in net worth go bankrupt?
Shades of the financial crisis of 2008? Actually, the bankruptcy of Drexel Burnham Lambert from page 8 of Dan Stone's April Fools: An Insider's Account of the Rise and Collapse of Drexel Burnham. Connie Bruck's Predator's Ball is more entertaining and readable.