ICBC overtakes Citigroup....

Well, it happened this week. The Industrial & Commercial Bank of China overtook Citigroup to become the world's largest bank (read the story: http://tinyurl.com/2uolwp)

The Headlines read 'Worst Market drop in 4 years"

Wow! What a week the markets had. It appears that the subprime fiasco is really begining to have an impact on the markets. Bear Sterns this week notified some of their clients that they'd be liquidating two of their hedge funds due to tremendous losses in the subprime arena......ouch!