Three things happened this week that really show us why the current financial crises are so interconnected -- with implications that will reach all corners of the market to affect us all -- and at the same time so difficult to solve:
Let's start with the bankruptcy of Lehman Brothers. The Wall Street bank had many liabilities that were insured. Even the rent on its London offices was insured against nonpayment.
The insurance company behind this was AIG. Read full article »