Very interesting observation. Let me share the pain and tell you how I was hurt. I’m an ultra-conservative politically and financially. I admit I’m a coward when it comes to the stock market so I have/had CD’s in several banks. As you know, CD’s are backed by the FDIC and the full faith and credit of the United States. Three of those banks went under. One was the infamous Countrywide but I lucked out because Bank of America took them over. Close call! Another was IndyMac. I thought I wouldn’t be affected. BUT what I discovered was that my CD’s went from 5.2% APY to 2.1 in 24 hours! - because that’s was the Federal Reserve’s arbitrary decision. Another is Washington Mutual which right now is on life-support! My point is that with the growing number of failing banks there’s going to be a complete collapse of confidence. And many people depend on CD’s and their “guaranteed” returns for retirement, future expenses, etc. Right now the best economists and financiers are talking about the very real possibility of a freeze on virtually ALL credit. Others are saying that, bad as things are now, we havn’t even begun to feel the real crunch which could last years. I admit I’m scared! Regards,