Forstmann accurately predicted the worsening of the credit crisis in July 2008 , when most pundits believed the crisis had reached its peak . Forstmann argued that the excess of money pumped into the economy after the September 11 attacks in 2001 distorted the decision-making abilities of nearly everyone in finance . With an oversupply of money , bankers and other financiers took on more risk with less return . While this allowed many to make money for a time , eventually this risk accumulated , and the consequences led to the credit crisis
September 11 attacks
September 11 attacks
Theodore J. Forstmann