Suspect I'm not the first to make cereal jokes in relation to the current situation.
The FTSE 100 has closed below 5,000 for the first time since I don't recall when. For me, that's the indicator that this has gone beyond bad and is now into very bad.
When this is over (it'll have to be at some point), I guess we're going to be citing this as one of the major failures of the Bush administration and making sure something like this never happens again.
Stupid, stupid banks.
I can't honestly see us winning the next election at the present time, Brown or no Brown.