UPDATE - DOW Trading DOWN More Than 400 Points

DJIA is tumbling Wednesday due to new unrest in European financial markets.  Fear over the insolvency of banks in Italy and France, as well as a sovereign credit downgrade of somehow still AAA France have EU markets in chaos.

• Watch the DOW trade LIVE here

Related stories:

• U.S. dollar rises as worries turn to France
• French bank stocks fall heavily
• Cost to insure French debt jumps

Comments

[DailyBail]

U.S. dollar rises as worries turn to France

http://www.marketwatch.com/story/dollar-weakens-after-fed-statement-stock-rally-2011-08-10

[DailyBail]

LONDON (MarketWatch) -- French bank stocks fell heavily Wednesday amid fears that the country could lose its triple-A credit rating. A London trader, who asked not to be named, said rumors of a downgrade have left markets jittery, while the cost of insuring French debt against default has risen to a fresh high. Earlier in the day, French President Nicolas Sarkozy held an unscheduled meeting with government ministers and the governor of the Bank of France to discuss the economic and financial situation. Shares in Societe Generale FR:GLE -15.70% slumped 14%, while BNP Paribas FR:BNP -12.27% fell 8.9% and Credit Agricole FR:ACA -15.76% dropped 8.1%.

http://www.marketwatch.com/story/french-bank-stocks-slump-on-downgrade-fears-2011-08-10

[DailyBail]

Cost to insure French debt jumps

http://www.marketwatch.com/story/cost-to-insure-french-debt-jumps-2011-08-10-107110

[john]

Jamie Dimon is a class A shareholder in the FRBNY?

http://www.federalreserve.gov/generalinfo/listdirectors/

He is on CNBC this morning.

[TR]

Mark to market could never work & neither could the truth?

http://market-ticker.org/akcs-www?post=191921

[chunga]

Something Moynihan forget to mention at today's BoA "Pep Rally".

The Art & Science of Robosigning in the Post Scandal Era (New & Improved Document Fabrication)

http://www.foreclosurehamlet.org/profiles/blogs/the-art-science-of-robosigning-in-the-post-scandel-era-new-improv

PDF files of clearly "Photoshopped" docs...lol