Sign in to read: The blunders that led to the banking crisis – life – 25 September 2008 – New Scientist

http://www.newscientist.com/article/mg19926754.200-the-blunders-that-led-to-financial-catastrophe.html?DCMP=ILC-rhts&nsref=ts1_head_The%20blunders%20that%20led%20to%20the%20banking%20crisis

“WHAT’S the quickest way to kill a bank? As recent events in the financial world have shown, the answer is to deny them access to ready cash. Over the past year, a string of banking institutions have found themselves in such a “liquidity crisis”: unable to convince the market they can honour their promises to pay back money they owe. The result has been a series of high-profile failures, from Northern Rock in the UK last year to Lehman Brothers last week.”

NewScientist look at the blunders that led to the banking crisis