Well, someone had to bring it up sometime, right?

I heard on the radio just there that the FTSE, the UK share index, fell to its lowest in fifty years this morning. Richard Branson is panicky and saying that this is the worst financial crisis he's seen in his lifetime. Millions were wiped off of the market's value today.

I can't really speak for America, but I know you guys are in it pretty deep too. So are the Russians.

So what should be done? Do you think the bailout plans both given by American and Irish governments (though theirs was more of a guarantee of help) are what's needed right now? Or will those funds just disappear like the last bailouts and revenue from interest rates hikes/cuts?

Personally, speaking for the UK, I'm quite worried. My bank, the Royal Bank of Scotland, lost some like 17% of its value today. That's not cool. Barclays are doing the usual stoic English thing and pretending they're not in trouble after losing 5% of their whole value in just one morning. HBOS got bought out by Lloyds TSB, who also lost something in the region of 14% value today.

I wonder how HypoReal are doing, and the American banks? Can anyone volunteer info?

Thoughts?