The situation for large US banks is even worse than announced in the
past months  ... will reach breaking phase in 2008.

www.leap2020.eu/GEAB-N-20-is-available!-LEAP-E2020-Alert-Breaking-phase-ahead-for-the-global-financial-system-in-2008_a1140.html

The rapid aggravation of the global systemic crisis as its phase of
impact unfolds has brought our researchers to estimate that the
contemporary global financial system will reach a breaking phase in
the course of 2008.