Lehman faced a serious run on its liquidity in those final days.

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However, during the hearing on Wednesday he said the main reason for the bank's demise was the "unforeseen closure of the wholesale funding markets, which caused us to run out of liquidity".

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In the long run, raising fees will drive liquidity off the exchange.

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In the long run short-sellers, who improve liquidity and price discovery, will be wary of trading the shares of politically important industries.

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Aside from a few tweaks to capital here, some tougher rules on liquidity there, and the disappearance of a handful of badly-run institutions, the same big names dominate the industry.

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We also give the founders in the program participation in the shared liquidity pool, as well as some key partners and the people who run the chapter.

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There are other facts, but suffice it to say that the run on the banks and eroding confidence led to a reduction in market liquidity, and the stock market was en route to a decent of nearly 50%.

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International bank regulators gave a second dangerous incentive to banks to lend to these countries, by classifying the debt as a close proxy for money for liquidity-management purposes (or to give protection against the risk of a bank run).

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Countries that rely on other nations to buy their debt run a risk of becoming beholden to their creditors and having to trade sovereignty for liquidity.

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Lower volumes and liquidity due to volatile macro economic conditions in the short term and increased regulations on proprietary trading in the long run will contribute to this lower yield.

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