ogm, you are right on target IMHO
Last weeks collapses:
* Biggest employer GM forecast swings - $4B, junk debt?
* FNM accounting fraud deepens with "records altered"
* Biggest IPO GOOG engaging in "click fraud" according to trade press as insiders dump in breathtaking manner
* First major derivative-related panic at Doral (DRL)
* Deepening of fraud at title insurance/realtor overcharge (FAF)
* US getting blackmailed on oil by Venezuela, Iran
* EU Trade War Threatened against Microsoft, aircraft mfgs (BA)
* $666B deficit- kinda evil, don't ya think?