Actual Situation of the financial market

I need to start this blog with a brief summary of the situation on the financial market. First of all, the general point of view is that the markets are really at a bad level. Everything is collapsing ! Not only the financial market but also the economy in general.
See all the companies bankrupting at the moment. The main sector in which it is obvious is the transport sector and particularly the flight companies. Alitalia, Zoom and others collapsed or are collapsing. This sector is touched by the oil crisis which had happened months ago. I think that the oil price is the major factor why all these firms are collapsing. But now the oil price went down you will say me. Hopefully yes but there is no way to escape from huge bills of kerozene that the businesses had. So the entire of the economy is touched by the crisis at the moment but the main thing is the financial crisis.
The financial sector is in crisis at the moment with Lehman Brothers or HBOS. The position of these two banks are very difficult at the moment. The two are going bankrupt but one is going to be saved : HBOS by Lloyds. So we could wonder why HBOS and not Lehman ? Why the US government did not move about this issue whereas it has moved over 29 billions for Bear Stearns or Freddie Mac and Fannie Mae ?
Well, some say that the American government want to make an example. United States are in a period of electoral campaign. Therefore, the republicans want to make an example in a country where bankers do not have a nice reputation after the subprime crisis.
Great Britain has passed over silence the merger between HBOS and Lloyds. Thanks to the crisis, the takeover will happen. Otherwise in normal conditions, the competion regulation law would not have allowed these two giants on the bank market to merge. We can see in these examples that two governments have two different ways to manage the crisis.
This crisis is also ironic in a way because banks have always wanted more freedom on the market and no regulation at all. But when he crisis is here with her friend recession, bankers want suddenly help from he government. Ironic isn't it ?