Markets crash, many hurt

Witnesses described how the markets "just dropped". Oops, I think I got my stories mixed up, it was actually a British Airways 777 plane that crashed on landing at London's Heathrow airport, injuring 11 people. But other headlines are just as bad:

• U.S. Stocks Tumble for Third Day on Conviction Recession Is Now Under Way

• Bernanke tries to spin the markets into rallying, to no avail

• MBIA, Ambac Slump, Default Risk Soars on Concern About Loss of AAA Ratings

• Fishman's Sailfish Credit Hedge Fund Loses Half Its Assets, Investors Say

• U.S. Housing Starts Drop More Than Forecast; Manufacturing Gauge Tumbles

• Lehman Brothers Will Eliminate 1,300 Jobs at Aurora Mortgage-Lending Unit