Richard Fuld may be ruing the day he told shareholders at Lehman Brothers ' annual meeting that the worst of the credit crisis was behind Wall Street.

FORBES: Can Lehman Last?

The European Central Bank will also hold an emergency meeting on Sunday about its own sovereign debt crisis in Italy, Greece, Portugal and possibly Spain as this major credit crisis develops.

FORBES: G-7 To Meet On Sovereign Debt Crisis; This Could Get Ugly