The article IMF advisor says we face a Worldwide Banking Meltdown in Raw Story perhaps is the explanation for the violent swings in my bank stocks. I have been too busy with Occupy Boston related stuff to stay on top of the news.

Here is a teaser,

“This would be a crisis that would be in my view more serious than the crisis in 2008…. What we don’t know the state of credit default swaps held by banks against sovereign debt and against European banks, nor do we know the state of CDS held by British banks, nor are we certain of how certain the exposure of British banks is to the Ireland sovereign debt problems.”

And here is the video,