up and FDIC has to take care of the mess
don't see why you would
chances of finding a buyer are pretty dim IMO
plus if somebody is stupid enough to do it their stock will tank like no other
like when BAC tanked big time on monday when they said they would buy MER for 29 and mer still trading no where near 29 so that deal may never go through or for much cheaper
its still 19 for now
still alot of unsettled business and uncertainty out there near term
the markets are screaming at the independent investment banks you can no longer go on your own
uncertainity is always a bitch to markets in these situations since they always expect the worse
chances of finding a buyer are pretty dim IMO
plus if somebody is stupid enough to do it their stock will tank like no other
like when BAC tanked big time on monday when they said they would buy MER for 29 and mer still trading no where near 29 so that deal may never go through or for much cheaper
its still 19 for now
still alot of unsettled business and uncertainty out there near term
the markets are screaming at the independent investment banks you can no longer go on your own
uncertainity is always a bitch to markets in these situations since they always expect the worse
WaMu starting to get run on too
----------------------------
The queue to get into Washington Mutual's large Santa Monica branch on Wilshire Boulevard started forming half an hour before the bank opened yesterday, writes Matthew Garrahan in Los Angeles. The anxious faces of those in the line highlighted the uncertainty now surrounding its future.
Washington Mutual has been beset by rumours it would be the next retail bank to fail following the collapse of California-based IndyMac earlier in the summer.
But Monday night's cut of its credit rating to "junk" status was enough to persuade many of those queuing yesterday to get their money out of the bank.
"As soon as they downgraded it I decided to come and was here at 7am," said Lewanne Elwes, an artist manager. "I can't go on waking up in the middle of the night all worried after watching the news . . . I'm tired of this."
Fritzie Leao, who has had an account with WaMu for 15 years, said: "Last night was the clincher for me." Although US law protects account holders with deposits of less than $100,000 (€70,680, £56,000), she said she did not want to take chances.
Others waiting for the bank to open had other concerns.
"I've been thinking about getting my money out for weeks," said Steve Baker, another WaMu customer. "Then today I got an email from a friend who works in a bank downtown . . . apparently there's a rumour on the internet that they're going to close this afternoon."
As the line grew, some of those at the front began arguing about who was responsible for the banking crisis. "This is all because of deregulation," said Ms Elwes.
----------------------------
The queue to get into Washington Mutual's large Santa Monica branch on Wilshire Boulevard started forming half an hour before the bank opened yesterday, writes Matthew Garrahan in Los Angeles. The anxious faces of those in the line highlighted the uncertainty now surrounding its future.
Washington Mutual has been beset by rumours it would be the next retail bank to fail following the collapse of California-based IndyMac earlier in the summer.
But Monday night's cut of its credit rating to "junk" status was enough to persuade many of those queuing yesterday to get their money out of the bank.
"As soon as they downgraded it I decided to come and was here at 7am," said Lewanne Elwes, an artist manager. "I can't go on waking up in the middle of the night all worried after watching the news . . . I'm tired of this."
Fritzie Leao, who has had an account with WaMu for 15 years, said: "Last night was the clincher for me." Although US law protects account holders with deposits of less than $100,000 (€70,680, £56,000), she said she did not want to take chances.
Others waiting for the bank to open had other concerns.
"I've been thinking about getting my money out for weeks," said Steve Baker, another WaMu customer. "Then today I got an email from a friend who works in a bank downtown . . . apparently there's a rumour on the internet that they're going to close this afternoon."
As the line grew, some of those at the front began arguing about who was responsible for the banking crisis. "This is all because of deregulation," said Ms Elwes.
just follow them closely have ever since i was a teenager
very fascinating and complex i love analyzing things plus you can make money doing it
if you don't at least have a basic understanding economics you are doing yourself a big disservice
we are dumbed down by the system on economics for a reason
economics plays into politics, wars, and many other things
very fascinating and complex i love analyzing things plus you can make money doing it
if you don't at least have a basic understanding economics you are doing yourself a big disservice
we are dumbed down by the system on economics for a reason
economics plays into politics, wars, and many other things
Degregulation has been a disaster. Period.
It's time for a complete overhaul. How we get this done, I just don't see it happening anytime soon.
Market will go up tomorrow. Vix is in the stratosphere. Trading now is not for the faint of heart. Watch what you folks do who are considering serious reallocations.
It's time for a complete overhaul. How we get this done, I just don't see it happening anytime soon.
Market will go up tomorrow. Vix is in the stratosphere. Trading now is not for the faint of heart. Watch what you folks do who are considering serious reallocations.
at times such as this you can throw your vix indicators out the window IMO
that said guessing they catch a bid tomorrow and have another digestion day after a big tank job like on tuesday....
it all rests on some more clarity in this WM situation
if WM gets run on and nobody buys who knows how high the vix will go
plus if you look at the chart as a stock....one would think at some point it would eventually take out 35 and go bonkers....i don't see any reason vix can't go to 40-50 in crash like scenerio.....
plus MS is out trying to shop itself now
they will be working overtime again this weekend to get some of this shit straightened out
that said guessing they catch a bid tomorrow and have another digestion day after a big tank job like on tuesday....
it all rests on some more clarity in this WM situation
if WM gets run on and nobody buys who knows how high the vix will go
plus if you look at the chart as a stock....one would think at some point it would eventually take out 35 and go bonkers....i don't see any reason vix can't go to 40-50 in crash like scenerio.....
plus MS is out trying to shop itself now
they will be working overtime again this weekend to get some of this shit straightened out
