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  #11  
Old 09-15-2008, 02:51 PM
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http://biz.yahoo.com/ap/080915/credi...lt_crisis.html

WaMu WaMu WaMu WaMu WaMu WaMu WaMu
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  #12  
Old 09-15-2008, 03:13 PM
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I have to go with my boys at BKUNA (trading back down around 67 cents after an idiotic foray up to 2 bucks). Closely followed by DSL and WM. Wachovia sucks too but Steel seems to be making good decisions and their option arm structure allows them to delay the problem for some time.
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  #13  
Old 09-16-2008, 04:14 PM
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China
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Your so
Spoiler:
!!!
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  #14  
Old 09-16-2008, 06:04 PM
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or Russia with the collapse of commodities (oil)
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  #15  
Old 09-16-2008, 09:22 PM
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Quote:
Originally Posted by axjoke View Post
I have to go with my boys at BKUNA (trading back down around 67 cents after an idiotic foray up to 2 bucks). Closely followed by DSL and WM. Wachovia sucks too but Steel seems to be making good decisions and their option arm structure allows them to delay the problem for some time.
Please tell me you made some nice bank on 'em.
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  #16  
Old 09-16-2008, 09:44 PM
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PwC is a goner
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"No one remembers 5K and I wrote a nice poem for the occassion. No one remember's 10k. No one will remember 20k either." - Sir Post-A-Lot

"One of the ordinary modes, by which tyrants accomplish their purposes without resistance, is, by disarming the people, and making it an offense to keep arms."
-- Constitutional scholar and Supreme Court Justice Joseph Story, 1840

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"Caca pasa" - Anonymous
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  #17  
Old 09-16-2008, 09:49 PM
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PwC is a goner
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  #18  
Old 09-16-2008, 10:52 PM
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Please tell me you made some nice bank on 'em.
BKUNA was one of my more profitable shorts but I closed it out around 5 bucks I think. Still hate those guys and am always rooting for the the corrupt companies to fail.
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  #19  
Old 09-17-2008, 08:46 AM
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http://www.bloomberg.com/apps/news?p...d=awDjhtIfoz_Q

Junk....
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  #20  
Old 09-17-2008, 11:12 AM
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Default WaMu is tits up, the powers that be are now determining if they are 'worthy' of a bai

Quote:
AP
Regulators gauging other banks' interests in WaMu
Wednesday September 17, 9:41 am ET
By Madlen Read and Stephen Bernard, AP Business Writers
Federal regulators gauging other banks interests in purchasing Washington Mutual


NEW YORK (AP) -- The U.S. government has been reaching out to large banks in an effort to organize a buyout of the beleaguered Washington Mutual Inc., according to a person briefed on the talks between regulators and banks.
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The obstacle, however, is that "no one knows what's in their books," the person said, speaking on condition of anonymity because of the sensitivity of the matter. There could be, he said, "a minimum amount of value there."

A New York Post report Wednesday citing unnamed sources said regulators have reached out to Wells Fargo & Co., JPMorgan Chase & Co. and HSBC Holdings PLC, among other institutions. The Post noted that no discussions of a deal between any of those banks and Washington Mutual were under way.

Shares of Washington Mutual have plummeted in recent weeks amid continued concerns about mounting losses in the bank's lending portfolios. In early trading Wednesday, they rose 6 cents, or 2.6 percent, to $2.38.

Washington Mutual shares have fallen 49 percent over the past month and are off 83 percent for the entire year. Shares of Washington Mutual closed Tuesday at $2.32.

During the second quarter, Washington Mutual lost $3.33 billion, or $6.58 per share, as it set aside more than $8 billion to cover souring loans in its mortgage portfolio.

Washington Mutual's net charge-offs, or loans written off as not being repaid, totaled $2.17 billion during the second quarter. Non-performing assets at the bank rose sharply during the second quarter as well to 3.62 percent of total assets, from 2.87 percent just three months earlier.

Washington Mutual has been among the banks hardest hit by the slumping housing and mortgage markets. Since the middle of 2007, mortgages have increasingly defaulted, forcing nearly all banks to set aside more cash to cover borrowers who are no longer paying off their loans.
What did i win for guessing correctly???

Can I have some of my infraction points removed????
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