The Game-Changing Financial Crisis

Original: The Game-Changing Financial Crisis

We already know how the financial crisis has changed the landscape around us. After a drumbeat of reckoning that has brought low the titans of Wall Street and Citibank, today we hear that the venerable American International Group is breaking itself up. The crisis also provided the opening for President Obama to seek all his main campaign pledges at once -- universal health care, education reform, carbon-emissions tra oad. I wrote a piece over the weekend on how development banks are trying to stave off potential dangers of the crisis in Eastern Europe. The New York Times' Steve Erlanger, my former colleague in Moscow, has a good piece explaining the fears of a fresh East-West divide in Europe.