Since I was running the Financial Times markets team, I spent two days frantically trying to identify the reason for the panic. Nobody knew. But that weekend I suddenly woke in the middle of the night with an image of a Spanish bin in my head.
A month earlier I had attended a credit conference in Barcelona, where I read brochures about a little-known, and supposedly safe, entity known as a “structured investment vehicle”.
The material had seemed achingly dull. So on the way home I tossed the papers into an airport bin — and forgot it.
But, somehow, my subconscious knew that had been a mistake. So I awoke and went online to uncover what I had left in that bin.
Gillian Tett FT 10 August 2017
Gillian Tett: Have we learnt the lessons of the financial crisis?