so the american bank is filing for bankruptcy. they don't even think they will be able to pay their staff (although i am sure the ceo and other top executives will still get to cash in).
aig might be the next giant in the financial industry to kick it in. is the end to this crisis in sight, or is the worst yet to come? both fannie mae and freddie mac continue to be in trouble, while in canada, cibc is not doing very well, having been fined 2.4billion for their role in enron.