ALSO NOTED: Cramer: Major collapse needed for recovery; Citigroup reaches out to John Reed for help; and much more...

Company News:
> Credit Suisse sues resort after default. Article
> More on Carlyle Fund collapse. Article
> Cramer: Major collapse needed for recovery. Video
> Citigroup reaches out to John Reed for help. Article
> SocGen trader and bosses questioned. Article
> Twist in Jerome Kerviel affair. Article

Industry News:
> How bad will it get for financial stocks. Article
> Mortgage rates jump. Article

Regulatory News:
> FINRA warns on reverse mortgages. Article
> Will Fed directly enter the markets? Article

And Finally... Spitzer: A Wall Street quiz