Panic may be real. In the last week $1 trillion has been withdrawn from England...http://www.independent.co.uk/news/business/news/run-on-uk-sees-foreign-investors-pull-1-trillion-out-of-the-city-1639413.html ....and, a real worry that England imminently may follow Icelands’ implosion has come to the fore with the call for an immediate meeting of all concerned. After all, if London goes, so do we, as we are inextricably tied via currency swaps and shared obligations. AIG has immense implications for all of Europe, and, is part of the formula for the distress. As we all have noticed, we are living in unprecedented times, especially in regard to the scale of our difficulties and the obvious ineptness with which we are dealing with them. I am not confident that England can be saved from going under....wait and see.