[bill1952]

>that its collapse has rattled the world from Tokyo to California to the Middle East.

LOL! Yeah, the world is agape...

[PghBaldy]

In Japan and Hong Kong, bond buyers got stuck holding all-but-worthless debt. In Beverly Hills, a real-estate developer was forced to default after teaming up with an Icelandic bank to build condos near Wilshire Boulevard. A German regional lender, Bayerische Landesbank, suffered big losses on its Icelandic investments contributing to its need for a €30 billion ($42 billion) bailout package Although I enjoyed your reply. We are all interconnected, but in the present situation, not nec. a goo thing.