BANK OF THE DAY
Last week, we bailed out the two largest entities in the housing market, Fannie Mae and Freddie Mac
So far this week it's been:
Sunday: Lehman collapses
Monday: Merrill Lynch forced to sell self to Bank of America
Tuesday: AIG is given a bridge loan by the feds in order to prevent collapse
Wednesday: Lloyd's buys HBOS
Who's taking bets for tomorrow? Is it going to be:
a) WaMu is sold (to Wells Fargo or Citigroup) or is taken over by FDIC
b) Morgan Stanley sells to Wachovia
c) Stock market crashes, dollar crashes and oil prices go up.
The suspense is killing me!
So far this week it's been:
Sunday: Lehman collapses
Monday: Merrill Lynch forced to sell self to Bank of America
Tuesday: AIG is given a bridge loan by the feds in order to prevent collapse
Wednesday: Lloyd's buys HBOS
Who's taking bets for tomorrow? Is it going to be:
a) WaMu is sold (to Wells Fargo or Citigroup) or is taken over by FDIC
b) Morgan Stanley sells to Wachovia
c) Stock market crashes, dollar crashes and oil prices go up.
The suspense is killing me!