zsche...@gmail.com

there is also the issue of margin loans to some of the larger hedge
funds that may not be liquid enough to meet these calls.  If it turns
out that stocks like MER, GS and LEH are on the hook for lending the
money for the funds to increase leverage, this could be a huge hit to
the financial stocks.  Investment banking is huge as AK mentioned.
Deal flow has dried up considerably and this is the bread and butter
of many firms.

I recently penned an article on how the sub-prime issue has caused a
ripple effect on the overall market.  the post is here if you're
interested. -> http://zachstocks.com/2007/08/global-liquidity/