Too late to bail?

Naked Capitalism: Fortis Rescued, but Hypo Bank May Go Bankrupt Monday

However, Hypo appears to be a sizable player (reader Steve corrected our misinterpretation of a comment in a Reuters story), with a 400 Euro balance sheet (versus market value of equity of $4 billion). This would make of a similar scale to the Lehman bankruptcy were it to go under, but query whether it has anywhere near the tight linkages that Lehman had (in particular, credit default swaps written on its debt) to make a collapse create greater shock waves. But regardless of the factors that might amplify the damage, a failure of this magnitude is going to create even more reluctance of banks to lend to anything other than stellar credits.

• ちうことで、米国の救済案が通ろうが通るまいが、今週は荒れ模様