Interesting development today,

"An emergency fundraising by HBOS , Britain's biggest home lender, flopped as investors took just 8.3 per cent of the shares, leaving underwriters trying to sell almost £3.8-billion ($7.57-billion U.S.) of stock." Read on....

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

This is a signal that investors are not going to be fleeced into bad investments with the banks any longer....may signal how Freddie and Fannie share offerings may go.... great news!

SKELEG