To: Ron Jeremy
Wachovia or Washington Mutual.
8 posted on
08/19/2008 10:16:36 AM PDT by
xc1427
(It's better to die on your feet than to live on your knees...Midnight Oil (Power and the Passion))
To: xc1427
Why are folks saying Wachovia? I've got a couple of accounts there...
I agree that you can't believe any of these financial guys, but Lehman Brothers is very close to failing, I think.
To: xc1427
Wamu received 7 billion in funding a few months ago by an investment firm to take a 16% ownership in the company. While I expect more pain for them, they are now capitalized well going into 2009 which is the most important thing for survival right now. They many eventually get bought out by a JPmorgan, Citi, or large foreign bank like Barclays or HBSC, but not for at least another 12 to 18 months, and will not be a bailout type scenerio.
I believe its going to be Wachovia.
65 posted on
08/19/2008 11:08:37 AM PDT by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: xc1427
I think it will be WM. Being a foresighted, extremely intelligent investor I dumped their stock a month ago.
88 posted on
08/19/2008 1:45:44 PM PDT by
IbJensen
(Ali Bama isn't going to make it!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson