I’ve heard that BAC and Wells Fargo are two of the healthier banks with little exposure to mortgate losses. I’m looking for WaMu to go next and Citi to be on the bubble.
The media is so enamored with the AIG story tonight, they are glossing over this one (see link), which could be just as big as it relates to the average American and their confidence in the system. AIG to most guys on main street doesn’t mean much.
This breaking NYT story will hit everyone:
http://www.nytimes.com/2008/09/17/business/17fund.html?ref=business