WWW you beat me to it..... 4 banks failures today.... several others shares down 40% today... more will follow.
These are not small banks either... Wachovia 6th biggest bank in the US.
Fortis is a huge bank/insurance company as well.
This will make 1991 look like a walk in the park.
Someone on here said a few weeks ago when people were flagging how bad this could get... "God if anyone else tells me to be afraid... jesus wept" or something to that effect..... well sir if you are not afraid now you are somewhat ignorant of what is going on around you.
Right I'm off to the pub... and its not easy to get a drink in this part of the world whilst Ramadan is going on! It doesn't rain it pours...
