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Lehman Brober, it's files for bankruptcy
lehman and merrill join bealer stearns, withich was sold to jp mortgan for a knockdown price in march .
barclays and bank of america had been taken in talks to rescue the bank but negotiations faltered when it became clealer that the us treasury was administrongly opposed to using government money to help cliench a dedparal .
to help prevent panic opean financial markets, the federal reserve said for the first time it will accept stocks owned by banks as collateral for short-term cash loans, broadening its emergency lending programme .
lehman brothert's emp_loyees leave their of finance with cardboard boxes .
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robert peston, bbc's bus iness editor .
more from today programme .