Stocks are plummeting, market going haywire, investment honchos filing for bankruptcy and some looking for bail outs- this is the present condition of the world financial market and how come United States be far from it. Lehman brothers filing for bankruptcy, AIG got millions; Iceland is expecting $10.2 billions and now Morgan Stanley is fighting hard to survive.

But why U. S. is facing a financial crisis? May be credit wells have all dried up, bad mortgage methods or in short market instability. Bad news has not stopped in Wall Street and they always come thick and fast since Lehman Brothers imploded. Dow Jones is on a roller-coaster ride and is crashing day-in and day-out. Investors are turning their back and fleeing to safer options and pastures. The U.S. financial market is totally speechless and is just watching and waiting for the storm to get over.

Moreover, if the financial punters believe that the storm of financial crisis over U.S. is going to slow down. Then rethink your strategies because once the mightiest and United States' fourth-largest bank, Washington Mutual, is down to its knees and according to reports have started the procedure of putting itself for sale.

It has been seen that mighty empire do not fall, they crumble brick by brick. The process of the crisis must have started somewhere in past but the leaders could get hold of it just a couple of months back. Whatever, U.S. financial crisis have just left everything shattered and it does look like that the foundation have crumbled. Overnight, some of the behemoth names on the Wall Street, Merrill Lynch, Lehman Brothers, Bear Stearns, have vanished in to thin air and the only left standing giants are Morgan Stanley and Goldman Sachs. But the condition of Morgan Stanley is also not pleasing as it is facing mysterious slumps in the prices and the end of it could be anywhere near.

But, the question is, what actually is happening? Some experts are comparing it with great depression of the early years and some are of the opinion that the U. S. financial crisis is just correcting the excesses of the past. Whatever, one thing is for sure; the unrestrained free-market economy as enjoyed by U.S. has passed, if not for long.

Though bail outs and certain other measures are there that could handle the situation well, the question is still left unanswered, is this start of end? But, one thing is pretty good out of this turmoil, now financial leaders would look into the entire financial system with a new perspective.
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