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Lehman's Demise Triggered Cash Crunch Around Globe

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Lehman's Demise Triggered Cash Crunch Around Globe
Topic: Business 5:07 pm EDT, Sep 29, 2008

To some, the government's decision to resort to a bailout represents a tacit admission: For all officials' desire to allow markets to punish the risk-taking that engendered the crisis, banks have the upper hand.

This is a good "play-by-play" of what has led up to a staggering power play.

Lehman's Demise Triggered Cash Crunch Around Globe



 
 
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