Worst is to come!

Story link: Worst is to come!

Ever since the Lehman Brothers collapsed back in September things in the financial industry and the worldwide economy for that matter have not been the same. The financial sector has received negative blow after negative blow and I can’t see it getting any better very soon.

Worst is to come!

36 hours in September changed the world. When investment bank Lehman Brothers collapsed, the credit crunch became a global financial crisis.
But how bad is that crisis? Was it wrong to let Lehman fail? Or was Lehman just a symptom not the cause of the chaos in the global economy?