Depends how much liquidity is required by the instos that are in the firing line.
Lehmans - we'll see tonight, tomorrow and the next imo
Citi - we should know when resets are due (I think this month or next, not 100%)
AIG - anyone exposed
AMBAC - should get some govt backing but not before bond markets are wiped.
The dominoes after that
Not a pretty lineup imo. If your heading into gold derivatives for safety, I wish you well. Gold is still in profit by about US$150 since sub prime first started. Personally think it could drop below this level before any big rebound imo. But DYOR as always.
time for round 2 the drop to 630, page-6
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