It gets better all the time

Deutsche Bank said they will lose $10B on Friday due to junk mortgage debt. Now Citi says they will lose $11B due to junk mortgage debt. It's so bad the CEO is out. And to think Mr. Prince was the darling of Wall St. a mere 12 months ago. He was on the cover of Business Week and the rest being touted as what a CEO should look like. Yeah sure, give me $11B of play money and I'll get my face on the cover of BW too. Remember the good old days - like 3 months ago - when Merrill and Bear Sterns were announcing only $3B losses due to mortgage debt.

Is it starting to sink in yet everyone that the real estate crash is nowhere near done?