Do you remember the day the 2008 crash happened?

[mwmw]

What were you doing? Did you think it would turn out as horrifically bad as it did?

Yes. I was a student nurse working in a busy London hospital. I remember being out the weekend before doing some Christmas shopping. And then one morning walking around a bay of elderly people on an orthopaedic ward. There was a large tv we used to wheel in for them to watch, and that's when it came on the news that Woolworths had gone bust. That's the moment it sort of hit home for me things would really change, everything after that was a whirlwind.
I don't think I'll ever forget that moment of stopping what I was doing and staring at the news though. It was a bit like (obviously to a much less degree) 911, or when stars die. You just kind of remember where you were and being a bit shocked.

The city seems to be doing OK so far. Some areas might do well, others not so. We shall see

The city seems to be doing OK so far.

I'm assuming you mean the City? It certainly isn't ok in the City/Canary Wharf circles I move in. Lots of jobs cut and everyone worried this is just the tip of the iceberg.

I go to a very large outplacement service provider (as part of the redundancy package my former employer offers) and clearly business is booking for them. The majority of people I'm meeting there (i.e. people who have lost their jobs in the last few months, or are going currently through redundancy consultation) are either from banking or from retail. People from both industries have some real horror stories to tell.

Business is booming not booking. Damn autocorrect!

Yes. I was on honeymoon and we were buying a house and I remember watching it on TV with a horrible feeling of impending doom.

I remember seeing people on the tv queueing outside Northern Rock and also that Woolworths went under. I was very annoyed about Woolworths- especially as they had a really great escalator in our shop and it went a lot faster than most! I also had some vouchers aswell which is had left over from my birthday. I was 16/17 so not sure I quite grasped the enormity of it and I guess what resulted had just become my new normal. Unfortunately.

Having gone through the crash, and the collapse of the exchange rate mechanism, and yr2k and the dotcom bubble, I must admit that I find the brexit panic all a bit meh.

The main thing I remember is Woolworths going under. But that was at the end of 2008 rather than in 2007.

Also we had a fixed rate mortgage for 5 years and were stuck on a 5% rate for 2 years after rates had gone down to 0.5%! But we both kept our jobs.

It all worried me far less than Brexit does though.

My father said it was coming. Everyone was living on tick - we just hadn't quite realised how much by. And gradually as memories fade, it starts happening again.

Actually I was worried enough to take out unemployment insurance.

We visited the US in summer 2008 when they’d already had their subprime crash. We got two dollars to the pound!! Kind of knew it was coming our way eventually....

I left school in November 2007 (didn't finish 6th year) and I couldn't get a permanent admin job for love nor money. I was on crap temp contracts until March 2011 because of hiring freezes everywhere.

Me and dp were in the middle of buying a house, just getting to the exchange part, searches done, solicitor engaged. Crash happened and they pulled the mortgage there and then.

Couldn’t get a mortgage for love nor money, still renting now.

Husband and I had not long bought our first house. I was working part time and he was full time.

He was paid off and so was I. Luckily we had taken out unemployment insurance with the mortgage so the mortgage was paid for 12 months.

Our parents paid the bills and our job seekers allowance paid for our food.

I worked near that branch of Northern Rock - the one the cameras were always outside at the time.

I remember the US sub-prime mortgage collapse, which precipitated it. It literally had nothing to do with the government's economic policies. In fact, Gordon Brown saved the western world over the coming weeks with the drastic measures he took.