Can't "Save" Citibank?

This morning a major investor and rescue funding provider Abu Dhabi headed by Prince Alwaleed stated that his multi billion investment in Citibank won't be enough to "rescue" the bank. There are several interpretations of such a statement, but they range from being ominous to downright catastrophic. The global financial system is in serious trouble and headlines like these are not going to slow down any time soon. The S+P500 is currently trading around 1320 - which is a huge support level - be careful around here.