Search results

I am in a similar situation as the OP but I have pretty much decided that I will be going to get my MBA. the question for me is just when. I intern at a large financial corporation and im always asking the management for advice on various things. This was one of the things. Almost every one i...

I have to say, I agree with Callen on this point. Wouldn't it be common sense for the rating agencies to wait to see what is going to happen with the bailout? Even if there wasn't a moratorium, they themselves should wait before making any quick decisions. AIGs problems were pretty much...

Michael Callen, Ambac CEO, was on a roundtable discussion today on CNBC asking that a moratorium be placed on the rating agencies until everything regarding the bailout is worked out. He argued that if the rating agencies cut the ratings of the 100 financial institutions under review for a...

"Moody's cuts WaMu preferred stock to 'most speculative' By Sue Chang Last update: 4:18 p.m. EDT Sept. 22, 2008Comments: 7 SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Monday lowered Washington Mutual's preferred stock to the "most speculative" grade of Ca from B2 and placed...

I'm not sure if we should be rushing to say whether or not the "band aid" will work yet. It's only been 3 days, the plan hasnt even passed through congress and been approved yet. Something of this magnitude will probably take a while to really judge. we shouldn't be so quick to jump to conclusions.

Moody's held a conference call earlier today and attached below is the document that was handed out to all participants. "Measures Taken by the US Government to Restore Stability to the Financial System: An Initial Assessment" I am not sure if I am allowed to post this but I shall anyway...

all i know is that they had an all staff meeting scheduled for today, but it was postponed because the CEO had to travel to Washington "for meetings with Government officials." whether that means the fed or their regulators im not sure. that is all i know.

it might not have been announced yet. that or it probably wasn't viewed as being too important

The CEO is in Washington today speaking with government officials. I wonder what they will be discussing...

congrats Trad'nUp. hopefully we dont get kicked in the ass this weekend by some crazy news regarding WM. i am feeling good though. today was my 2nd best day ever in the market.

spiked from 3.75 to 4.25 at the close. im hoping theres a reason people decided to buy in right before the weekend. im feeling optimistic about my decision to hold. but we will see what the weekend will bring

they were placed on review by moodys for a possible downgrade of "multiple notches." after news like that, theres nowhere to go but down.

maybe you would care to elaborate instead of just saying i dont have a plan and leaving at that. im a pretty humble guy and would be all ears if you decided to enlighten me. until then, you are probably better off not writing anything at all than simply writing "you dont have a plan"

its worth taking the risk and holding over the weekend? i bought a buttload at $2.00 and am considering to add more because i'm convinced it will rise throughout next week. but the fact that the past few weekends have had drastic events keep me from pulling the trigger.

thats exactly what im thinking. i guess the only thing that can go wrong is that the "deal" gets done at a lower price than it is trading at. What are the chances of that happening in your opinion?

I may regret this decision but I think i'm going to hang onto WM for a while longer. i just feel that its main concerns are being addressed by the government (which is probably why it has risen the most percentage wise in the past 2 days). The main fault that everyone attributes to it is all...

its very difficult to have a plan when market circumstances change so drastically from day to day, i dont think anyone could have predicted what happened today... but thanks for your advice

I bought a large amount of shares of WM when it was $2.00 a share last week and am very tempted to sell into this rally where its above $4 now in premarket. However, there is a ban on short selling of financials and the government is "set" to announce a plan to help banks with their mortgage...

I do see the reasoning for the rating agencies to downgrade the US Government, but do you guys honestly think they'd have the balls to do something like that? Especially while knowing that it would drastically affect the world economies?

I'm not sure if there will be a press release on this but their exposure to AIG is under $1 billion. from what i hear, thats supposedly better than what some people thought. its beyond me to guess how that may affect the stock though.