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Must use at least 150 words minimum for each question. Please answer questions 1, 2, & 3 in complete sentences. 1) What are the main

Must use at least 150 words minimum for each question. Please answer questions 1, 2, & 3 in complete sentences.
1) What are the main reasons Lehman Brothers failed? How did it happen? Please explain how Lehman Brothers failure exposed the entire financial system to financial crisis risk.
2) What are the main reasons AIG failed? How did it happen? Please explain how AIG failure exposed the entire financial system to financial crisis risk.
3) We discussed Madoff's ponzi scheme in class. For a ponzi scheme to last 20 years, somebody, other than Madoff, has to be blamed. After all, nobody noticed it for 20 years. Please explain how more or less regulation could avoid such financial failures in the future.

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