All the banks are at risk and that because the way the banks operate .

They have to keep a % of the saving and lend the rest. That % vary but it is in order of 20% so they lend 80%.

This means that if everybody witdraw their money from the bank at once, any bank will go bankrupt.

The system work on confidence and there is less and less of it.

""It is really - and I don't want to use the broadly quoted word 'panic' here - but it is an absolute confidence crisis and a liquidity crisis. Nobody trusts anyone anymore. It is not a nice situation," said Roland Hirschmueller, an equities trader at German brokerage Baader.

"This was the large bank that had to fall. It cleared the air. But now the big question is what this means for other institutions, how much there still is to come and how much they are now still worth," Hirschmueller said.

Another financial firm fell victim to the financial crisis over the weekend as Carlyle Capital Corp announced it is filing for compulsory winding up.

http://www.globeinvestor.com/servlet...

That's not a nice day for MEO NR

Get rerady for the ride

ecce