The always sharp Jeff Matthews is worth a read:
"And while investors speculate there will be other, even bigger players disappearing shortly, we here at NotMakingThisUp suspect the worst of the liquidity crisis is past, or at least well-discounted by investors, here in the United States.

We believe nervous sights should, instead, be set on China, where the fallout of the greatest bubble of all time, the China Bubble, may be coming to a head."