Credit crunch: just a nibble so far?

Shivers went through the financial markets - let alone down poor Joe
Public's spine - as a former IMF bigwig predicted a big US bank
failure.

"We're not just going to see mid-sized banks go under in the next few
months, we're going to see a whopper," Kenneth Rogoff, the fund's
former chief economist turned Harvard professor, told a conference in Singapore.