The Dax falls below 5,500 points:
http://boerse.ard.de/content.jsp?key=dokument_315086
The stocks of Commerzbank and Deutsche Bank taking an above-average hit, despite their assurances in the past few days of possessing sufficient liquidity.
Meanwhile, Steinbrück has changed his name to Paulson:
http://www.tagesschau.de/wirtschaft/finanzmarktkrise134.html
The plan is to guarantee private deposits (checking, savings, and forward accounts) to the tune of 1000 billion euro. This primarily seems designed to prevent a run on the banks by average citizens, rather than to protect the assets of companies. I guess that's "social democracy" for you.