Stock brokers and bankers around the world clearly realized how serious the Chinese curse to live in interesting times. Sudden collapse of three of the five largest global investment bank shocked markets and breeds crisis, which analysts can compare with a nightmare a 30-year rule.

Lehman Brothers sought protection from its creditors, as announced by U.S. bankruptcy laws, and Merrill Lynch were bought by Bank of America for 50 billion dollars - a sum which until recently would look ridiculous low for such an institution. Bear Stearns disappeared from the map since the spring, when the Federal Reserve helps JPMorgan Chase to buy them, providing them with a credit line of 29 billion dollars. And something more - turns out that the injury does not stop here. AIG - a company with such a powerful presence in many countries around the world that one possible its collapse would know virtually every household from Asia to Europe, America and Australia. No wonder that the U.S. Federal Reserve made ready forces to save the giant and announced that he will grant an emergency fund of 85 billion dollars in exchange for 79.9 percent of the company’s capital. According imposed by regulators plan, this management company will be replaced, but the loan will be secured by the assets of the insurer and is expected to be repaid through the sale of subsidiaries. Representative of the Federal Reserve cited the global financial press said that the final result most likely will be a controlled liquidation of AIG, although not ruled out the possibility the patient to survive. The interest on fixed allocations equal quarterly Libor plus 850 basis points - a level high enough to ensure that the insurer will do everything possible to pay the debt as soon as possible.

Although in need have fallen only a few companies, their profound awareness scale shook every corner of the world. Finance guru and former Federal Reserve Governor Alan Griynspan commented that in his entire professional life was not witnessed a crisis of such a size. Reaction, as always in such situations was Panic. Although we are relatively insulated from such disasters, the tsunami not dilute the Bulgarian capital market, a Moscow market saw even forced to suspend its session because of an unprecedented crisis of quotations. On the interbank money market, the voice of resources was unprecedented, despite significant intervention of central banks. Overnight interest rates in pounds sterling example hit seven year record of 6.79 percent. European Central Bank responds only for a day scored emergency funds of 70 billion Euros, while the English bank injected 5 billion liras from Monday to Thursday, with additional 20 billion on Tuesday. Overseas, the Federal Reserve intervened with 50 billion dollars, while in Asia the Japanese bank - with 24 billion dollars.

The whole world is fighting for this crisis.