It looks pretty bad for share markets at the moment.

It looks pretty bad for share markets at the moment. Apparently, investors are not impressed by the rescue of Fannie Mae and Freddie Mac in the United States. Here, at home in good old Blighty I am worried that my modest portfolio is going to become
even more modest. The Daily Telegraph's Tracy Corrigan writes today that "The British banking system seems in a dreadful mess." She says that Alliance and Leicester is a drop in the ocean for Santander, the second biggest bank in
Europe.

I would recommend that bank shareholders lie down a bit and ponder why did they let those overpaid executives get away with it. There were siren voices all throughout
the past few years.
www.searchaccountant.co.uk
I wonder what the main shareholders are planning to do with "Fred the Shred" at Royal Bank of Scotland. However, you have to hand it to RBS. The Scottish bank got its
capital raising/rights issue off first in the queue and out of the way. Now RBS is in a hurried phase of selling off unwanted assets.

PS. I really like Tracy Corrigan's articles.