The 2008 financial crisis significantly impacted the global economy, revealing vulnerabilities in the banking sector and leading to government intervention. The collapse of Lehman Brothers and subsequent bailouts highlighted the need for strong regulatory frameworks to prevent similar crises. In response, major banks were required to create "living wills." These living wills ensure that even the largest banks can be dismantled in an orderly manner, reducing risks to the broader economy. However, recent reports from the Fed and the FDIC have raised concerns about the adequacy of these plans for three major American banks. JPMorgan, Bank Of America & Citigroup Are in Big Trouble
