Well, for starters there is Merrill Lynch. US authorities and many bankers feared that after Lehman's demise the attention of investors and speculators would have moved to Merrill.
The bank hopes to find safety under the roof of banking giant Bank of America.
The biggest worry, though, is insurance giant AIG. The company is running out of cash to cover its losses and has asked the government for an emergency bridging loan, reportedly to the tune of $40bn.
If AIG is in trouble, it would directly affect millions of consumers and companies around the world. It would also hurt the whole financial system, because AIG is in the centre of a web of complex financial deals.
And compared with AIG, the crisis surrounding Lehman is small beer.
At the time that this great bank was collapsing, all financial institutions and individuals were aware of the fact that all currency pairs contain USD, e.g. euro/usd, whether as a base or counter currency was suffering fluctuation because of the bad conditions the dollar was suffering. However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents its hands for providing all clients with the best solution for this problem. ForexGen provides its clients with the best timeframe to perform their trades. And because ForexGen cares for the financial asset of its clients and because ForexGen seeks the general benefit for all, ForexGen experts were making their studies and updating for their analysis every hour to help ForexGen sending the right time for ForexGen clients to perform their trading activity successfully. And hence, the majority of ForexGen clients could avoid that collapse that might have affected them badly.
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