There's trouble all around. One of the top five investment banks goes under, the federal reserve has begun lending short term loans (more like a payday loan for someone squeezed tight) to the financial sectors, the visa ipo, the largest ever, came out of nowhere.
The Visa ipo may just have been the last resort by banks to raise some money. Considering the big stakes of the larger financial houses in the company, the Visa IPO may have been the emergency money stash that the banks realized they have to dip into.
The stock market seesaws with every single story, seemingly oblivious to the trouble underneath that's shaking the financial system to it's core. Will america's financial system weather this mortgage mess? It will. The questions is what it will go through as it does this.
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