The world economic scenario is experiencing severe deterioration in the period that began in 2007, when the first signs of more serious problems with mortgages ocurred. This turmoil environment presented higher effects in Brazil in September 2008, when a series of negative events came up, as Lehman Brothers, fourth largest investment bank in the United States at the time, reported record losses. However, the Brazilian financial system remained sound during that period as the local government managed the crisis actively, creating a propitious environment to support the credit concession growth.