One of the best investment banks Lehman Brothers – is preparing for bankruptcy. Since the beginning of the year he lost about 90% of its market value, and last Sunday British bank Barclays and the local Bank of America declined its acquisition.
After the U.S. Treasury refused to provide financial assistance or any government guarantees of the debts of one of the best investment bank Lehman Brothers, the pessimists said that situation have a possible chain reaction that spread to other U.S. investment banks. Optimists, in particular, experts Forbes, assert that “the collapse of Lehman Brothers – this is bad, but it’s not the apocalypse.”
In meanwhile, former head of the U.S. Federal Reserve Chairman Alan Greenspan said last Sunday that the U.S. credit problems have grown into a financial crisis, “which happens once in a century.” He predicted the new bankruptcy before the crisis starts to decline. Now is not the best moment to invest in banks, even if these banks are ” best investment banks”.