del.icio.us
blinklist
digg
Facebook
Furl
ma.gnolia
Newsvine
Pownce
reddit
StumbleUpon
Technorati
Twitter
Collateralized Debt Obligations (CDOs), all asset backed securities, High Yield bonds, the inter-bank market, commercial paper, money market funds, the auction rate market, hedge fund losses, and a massive housing bust and the real economy. Banks and financial institutions from around the world are writing down billions of dollars of losses. Housing markets are falling in the US, the UK, Spain and Ireland. This crisis is truly global.