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VIX @ 35

Will Wamu be trading in the pennies come Monday morning?

Jack Welch says U.S. faces "deep downturn" Wednesday September 24, 2:44 pm ET By Nick Zieminski NEW YORK (Reuters) - Former General Electric Co (NYSE:GE - News) Chairman and Chief Executive Officer Jack Welch said the U.S. economy faces a deep downturn in coming quarters, and he...

Wall Street's Tower of Babel The financial elite of the United States have sacrificed the system’s survival by Parker Eales| September 15, 2008 Once men break with tradition, venturing upon colossal financial experiments, they lose the ability to navigate. They lose their sense of...

MS + WB ? LOL... :D

Wednesday, September 17, 2008 - 2:11 PM PDT Washington Mutual on the auction block Silicon Valley / San Jose Business Journal - by Mark Calvey Washington Mutual appeared closer to finding a new owner Wednesday. The Seattle bank (NYSE: WMU) hired Goldman Sachs (NYSE: GS) to explore a...

SEPTEMBER 17, 2008 Lending Among Banks Freezes Banks abruptly stopped lending to each other or charged exorbitantly high rates Tuesday, threatening to spread the troubles of American International Group Inc. and Lehman Brothers Holdings Inc. to a broad range of financial institutions and...

http://www.kitco.com/charts/livegoldnewyork.html

GS traders are shorting the hell out of MS and their own stock to survive....

Will need to find a buyer by this Fri or FDIC closes the doors come Monday...

Will probably be gone or bought out by this weekend...

IMF head: worst of financial crisis may lie ahead Wednesday September 17, 4:46 am ET JEDDAH (Reuters) - The worst of the financial crisis may still lie ahead and more major financial institutions may face trouble in coming months, IMF director general Dominique Strauss-Kahn said on...

Is this the meltdown before the actual Oct meltdown ?

any bets on when he'll 'appear' this afternoon ? :D

Most likely double digits today or tomorrow.... Who seriously will be loading up on GS now ?

Treasury 3-Month Bill Rates Drop to Lowest Since at Least 1954 By Sandra Hernandez and Agnes Lovasz Sept. 17 (Bloomberg) -- U.S. Treasury three-month bill rates dropped to the lowest since at least 1954 on concern that credit market losses will widen after the bankruptcy of Lehman...

10:33 S&P bank spread widens to 477 bps, another 5-year high Standard & Poor's U.S. investment-grade composite credit spread tightened to 294 basis points (bps) yesterday from 311 bps on Monday, after some of the weekend's dust has begun to settle. Financial institutions also tightened to...

Federal bank insurance fund dwindling By MARCY GORDON, AP Business Writer Tue Sep 16, 7:49 PM ET WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the...

VIX @ 33

Wachovia shares nosedive amid rising bank concerns Monday September 15, 1:05 pm ET Wachovia shares nosedive on heightening concerns about bad loan exposure, capital CHICAGO (AP) -- Wachovia Corp. shares plummeted Monday amid intensified concerns on Wall Street about big banks'...