BAC MS GS the list keeps going. what is driving this downdraft and will it end like 2009? TARP 2.0 for Europe? Reasons? So far we have: 1)Following European banks on their exposure to PIGS debt. 2)Exposure to domestic real estate loans via weak housing #'s. 3) Continued talk of recession in USA implying weakened revenue streams. 4) Self fullfilling fear driven downside momentum. 5) Anticipation of future capital raising. 6) Proxy selling for Euro banks post short sale ban. 7) Negative regulatory environment. 8) Higher capital requirements. Anything else?