As posted earlier on WhyBanksFail.com (Will Fortis Fail? Fortis in trouble, European agencies plan over the weekend (September 28, 2008), Fortis — no buyers, why not 3 governments instead? (September 28, 2008) and Could Fortis Bank fail? European Banks might be next! (September 26, 2008)), according to CNN Money, Fortis has failed.

Who knows what this means for the other banks that are out there.

All that we know, is that no bank is immune to the problems we are now having.

Please discuss this in our forums, in our Fortis conversation thread.

At least Fortis has the support of 3 separate governments.  Luxembourg, Belgium and the Netherlands will each invest in 49% of the local branches of the bank.

The bailout comes at the sum of $15 billion in total from the three governments.