"Britain’s banks were hit hardest in a broader stock market rout of the European financial sector on Monday, as investor nervousness mounted over their euro zone exposure." (FT.com)

How about the USA, UK and euro zone financial basket cases all just declare bankruptcy? It's mostly the Chinese and Arabs that will get their financial bum felt, so who cares. Then we can all design a new shinny currency and start over. Oh, so that wouldn't be acting responsibly? Well, Wall Street et al and the would be banking masters of the universe are the current owners of the present model which by most accounts hasn't quite shone. Yep ... B for Bankruptcy!