The despicable Nancy Pelosi says the party is over for Wall Street. No more huge bonuses and golden parachutes for failed executives. That sounds good; something good may come from this disaster. News from Europe is not so good. According to talking heads on the Bloomberg Network a lot of banks in England and Europe are failing or are being nationalized. The Europeans are predicting that the bail-out plan in the US will fail. They say that there is a global crisis, not one limited to just Wall Street. Is the problem in Europe due to their buying sub-prime mortgages from the US, or do they have their own issues?