Which shitty financial company will go bankrupt next? Part II

[$preader]

Quote from The Kin:

Who else am I missing?

USA

 

[The Kin]

Quote from $preader:

USA

I was tempted to put Federal Reserve on the list.

 

[The Kin]

It's obvious FRE and FNM are the heavy weights but there is a major underdog: WM could very well get shut down on FDIC Friday. The dirty work on FRE and FNM will likley be done over the weekend.

 

[mail2smitty]

Too bad the title of this thread won't be used by any of the mainstream media - its summarizes our current situation perfectly.

 

[The Kin]

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The FDIC and Fed should take a page from this early Truth ad to educate people about just how big this crisis is.

Welcome back to the Shitty Financial Awards Ceremony located on Wall Street in downtown Lower Manhattan. For the category of the shittiest Financial Company in the world, the nominees are: Freddie "Cougar", Shittygroup, Lehman, and Washington "Free Checking Till Bankruptcy" Mutual.

The mortgage note please.

And the winner is....


LEHMAN!!

Dick Fuld: I'd like to shout out all the greedy subprime homebuyers, brokers and banks out there. But the true hero is Alan Greenscam. This one's for you!

 

[dumpandbasher]

Quote from The Kin:

The dirty work on FRE and FNM will likley be done over the weekend.

This weekend?

 

[xcalaktrader]

Labor Day weekend is more likely for FNM and FRE than this coming weekend.

 

[The Kin]

Well whenever, the sooner the better. If we have another 25% collapse on Friday, how long can it really last? There is no way FRE and FNM will last until Aug. 29 They'll be penny stocks! With my luck in forecasting though...

 

[m22au]

If the stocks fall below $1, then it will give journalists a chance to talk about NYSE delisting rules.

However if they fall below $1, I doubt the powers that be will allow that to persist for 30 days.

Another random thought - will S&P drop the stocks from the S&P 500? And if so, when?

 

[Thermactor]

Fannie and Freddie are fucked. The market is always right. They were right about IMB and they damn sure are right about FNM and FRE. Oh, and Lehman Sisters are fucked too.