The financial sector is under heavy pressure

in pre-mkt trading after the announced BSC fire sale:

BSC -89.1%, LEH -34.5%, CFC -16.2%, WM -16.1%, MER -16.0%, CIT -15.6%, C -15.0%, ABK -14.0%, SCA -12.7%, NCC -12.5%, MBI -10.4%, UBS -10.4%, FNM -10.1%, WB -9.6%, IMB -9.4%, BCS -9.2%, MS -9.0%, GS -8.8%, PMI -8.6%, STT -8.4%, RBS -8.1%, FRE -7.9%, COF -7.9%, CS -6.0%, AIG -5.8%, BAC -5.4%, DB -5.4%, USB -5.0%, WFC -4.9%, BBT -4.2%, BMO -4.2%, MA -3.8%, RF -3.7%, AXP -3.7%, BK -3.5%, CM -3.2%.