Allow me to summarize. On the left, November 2008. On the right, November 2011:
Interbank liquidity in Europe and U.S. banks is at an all time low. (No money to help stabilize the system.) Picture this on Monday: Ring!!! Ring!!! "Hello, this is your Margin calling. Pay up!!!!!"
A famous song by the Boomtown Rats is playing in my head.