I disagree with the part about moving your cash into foreign private banks.  Many foreign banks have large subprime exposure and if they go under there is no FDIC to bail you out as a depositor.  Moreover, the transaction costs for small guys is excessive for such a move.  Swiss interest rates are almost nil, as they have always been, and it is essentially a dollar play, which can be accomplished more easily many other ways. 

I would agree that I have no interest in owning shares of any banks (commercial or investment) at this time.