This is the first Explainer piece I’ve done for Slate:
On Tuesday, the U.S. government announced that the Federal Reserve, the nation’s central bank, would loan $85 billion to American International Group, an insurance firm, for fear that other financial institutions, such as investment banks and securities firms, would go belly-up in its wake.
What are all these banks and other financial institutions in the news?
Read the full story on slate.com