Panic

http://money.aol.com/news/articles/_a/bbdp/trader-shoots-himself-on-exch...

EDIT: sorry i forgot to post the link.
http://www.youtube.com/watch?v=AsfQsUYZ5Y8

The first 5 minutes at the open I have never in my 6 years of watching the market seen it behave that way. I expected the collapse but the subsequent rally of 500 points out of nowhere. Really makes you wonder.... WAS THIS IT!?

Just wanted to let everyone know to look out for people jumping out of windows today. Could be a dangerous walk home.

Are you shitting me! UNREAL. ABSOLUTELY UNREAL!

Just thinking about this and please let me know your comments as to whether you think this is possible of not.

Let's say in the next few weeks some of the other banks start to falter, AIG is unable to shore up the $70Bn in financing they need, the Federal Reserve has extended the range of collateral that can be used to borrow capital (risky/toxic/low quality assets) and it starts causing a ripple effect that hits the commercial banks as well.

The Fed seizes the collateral and realizes that there is no market for it and it is pretty much worthless and they take the hit and pass it on to the taxpayers, Open mkt ops, sell bonds, etc.

But there's a bit of a widespread panic being among people that the FDIC may not be able live up to its duties and people run to the commercial banks removing their funds (as they did during the Depression).