Just read the news that Washington Mutual has been taken over by
the US Government. It was the bank I put my money in when I
was studying in US so I know it was a pretty big bank. Three
out of the five high flying investment banks have gone and the
other two have changed causes. AIG has nearly collapsed.
My insurance policy is with AIA Singapore which is a subsidiary
of AIG. Many people here decide to drop AIA as their
primary insurance provider even though they guarantee
they can fulfill their responsibility. And now there is the US$700
Billion plan to rescue the financial institutes.

Does the situation really affect other sectors in US? Will it affect
others in the other part of the world?

Regards,
Xiaofan (correct some typo and grammar errors)
-- 
http://www.piclist.com PIC/SX FAQ & list archive
View/change your membership options at
http://mailman.mit.edu/mailman/listinfo/piclist