The U.S. stock market entered a state of emergency

Finansy15-09-2008 The U.S. stock market entered a state of emergency the American financial system is undergoing an event that estimate as "very improbable" - the crisis of Lehman Brothers. New York mayor canceled a trip to California, the Stock Exchange is preparing emergency measures. U.S. financial system suffered a shock on Sunday to its very foundations, after talks on saving Lehman Brothers failed and Merrill Lynch, another big Wall Street banks, agreed on its sale. When Moscow was already Monday morning, Lehman Brothers filed a petition in bankruptcy, reported Bloomberg. "My god, I'm in this business for 35 years, and the most incredible event I've ever seen" - New York Times said the founder of the Blackstone Group Pietro Peterson. Barclays PLC and Bank of America, the two most interested buyers refused to deal with Lehman, are not getting government support, according to The Wall Street Journal. Although it is abandoning the rescue of the investment bank, the Federal Reserve is expected to now take further steps to stabilize the U.S. financial system as a whole. These steps, which are expected to be temporary, will facilitate banks and investment companies to obtain central bank credit through the use of a wider range of assets accepted as collateral.