Lehman-A shock for even a layman

Lehman Brothers has become the buzzword these days. The shocks of the crises of one of the largest investment banks are being felt globally. It is just the intensity of the shocks that can vary across organisations and across countries depending on their exposure to the big daddy. You name any problem or tension these days, whether it be fall in share markets or volatility in currency exchange rates and even B-School placements, the cause is being related to Lehman. The reason for such an impact is not only the direct exposure to Lehman but also the indirect linkages associated with it. The buying of Merill Lynch by BOA has to some extent saved the world from further dire consequences. Now all eyes are on the fate of American International Group (AIG) as it is also sailing in a similar sinking boat as Lehman was sailing which led to its eventual bankruptsy.