It looks like the 'sky is falling' thing may be related to one rogue trader in France committing something like 7 billion dollars worth of securities fraud.
Nice for once that we aren't to blame!
In a somehow sick and twisted way.. I think it's quite astonishing that a single trader can cause this much damage to a company. I mean, being friends with a lot of wall street brats, I know that it's possible…But it just amazes me. Kinda cool that a single person has that much influence.