I read that Bank of the Ozarks is considering applying for some of the bail-out money. I would hope that they are planning to use it to expand their services to take up slack due to the freeze up of the larger banks. Time will tell. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
The Postbank surprisingly admits to losing > €350m in connection with Lehman, but I can't find the details of that transaction offhand. The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
