Who's Next?

[jclay2]

I think it can be safely said that 2008 is the year of the bailout and intervention. Here is a short list of all the bailouts and government intervention I could think of:

Stimulus Bill
Housing Bill
Bear Sterns Bailout
Fannie & Freddie Bailout
AIG

In many of these bailouts, the fed consistently stated that these firm were too big to fail and that the consequences to global equity markets would be to severe not to bail them out. Do you think this doomsday scenario can be averted in the short term, how much longer until a real crash happens, and who is next that is deemed too big to fail?

 

[Carole]

Washington Mutual and a few more banks.

Goldman Sachs (heard something-just a snippet, but I think they did naked shorts on their bad mortgage packages, so not sure what their problem is.)

Merrill-Lynch ?

Anybody??

 

[wirenut]

Morgan stanley. http://www.nytimes.com/2008/09/18/business/18wall.html?_r=2&oref=slogin&oref=slogin. Then wamu, and goldman sacs.

 

[tbarnett17]

I'm saying WaMu as well! God... I only hope this gets better! Pray! -Tyler

 

[noxagol]

WaMu, Wachovia is possible as well.

 

[DrCap]

I vote Wamu as well, I think they are struggling to make it to the weekend... but it seems almost boring the markets tonight... not a single bailout tonight??

 

[ihsv]

... who is next that is deemed too big to fail?

The US Government?

 

[rockandrollsouls]

Washington Mutual and a few more banks.

Goldman Sachs (heard something-just a snippet, but I think they did naked shorts on their bad mortgage packages, so not sure what their problem is.)

Merrill-Lynch ?

Anybody??

I don't think Goldman will go under. They actually have good earnings...they beat the street.

 

[danberkeley]

I don't think Goldman will go under. They actually have good earnings...they beat the street.

I think the bigger the bank the later it will fail, but fail it will.

 

[Original_Intent]

Well you counted Stimulus, I have already heard talks ov another stimulus package by Christmas.

"Sorry kids, we had to borrow your future earnings to pay for Christmas this year!" Have fun with that Wii!"

 

[Otter Mii-kun]

next failure, please

I don't really want to bring up names as to which major investment bank will fail next...

I don't think Goldman will go under. They actually have good earnings...they beat the street.

...besides if Goldman did fail, the Fed and Treasury would bail them out in a split second! (remember, Paulson is a former GS CEO.)

That being said though, no bank or any other financial institution is "too big" to fail.

Well you counted Stimulus, I have already heard talks of another stimulus package by Christmas.

"Sorry kids, we had to borrow your future earnings to pay for Christmas this year!" Have fun with that Wii!"

After all that money in the next stimulus goes to commodities traders and Wall Street (in the form of all the checks sent out being spent on gas), the Democrats will then push for a THIRD package, then a fourth, and so on.

I did a PowerPoint presentation at the end of February on the $150+ billion wave of "stimulus" checks sent out months ago.
http://miikun.110mb.com/misc/stimulus