I guess everyone is now lining up for a FEDERAL LOAN now: http://www.marketwatch.com/News/Sto...36-13BB-43D7-93AE-BB080640EC35}&siteid=yhoof2 So much for that whole moral hazard thing...
Yep... and some want more... http://www.marketwatch.com/news/sto...-68EA-4E4B-908E-36DDE1BD2E55}&dist=TNMostRead
It is probably better that everyone lines up for fed money. No one is quite sure of the depth of exposure. Each company makes an assesment and reports to the fed via loan/bailout. The fed becomes an impromptu clearing house.