[AAABEST]

AIG Files $10 Billion Suit Against Bank of America Over MBS Fraud

Bank of America down 44% on year, 20% over last week

Federal regulators going after Goldman Sachs re: mortgage backed securities

SEC probes Goldman over Libya deals

Goldman drops over 7% in unusually high volume trading

French Banks Plummet (Société Générale down 17% in one day)

Citi drops 10%

[Deo volente]

Just saw a Reuters story. They’re blaming “French bank fears” for today’s huge market drop.