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.
