Sunday, September 14, 2008

Washington Mutual could be next in line

Deposit insurance system may face WaMu test

Most people are talking about Lehman Bros at the moment, which probably only has about 3 hours left to live, but that's mostly of immediate concern only to people in the City. Washington Mutual going down would be like Nationwide going down here, and I don't think you could underestimate how much of an impact that would have.

Posted by jonb @ 09:39 PM (736 views)
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5 thoughts on “Washington Mutual could be next in line

  • Good post Jonb..

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  • AIG is a close second!

    I think AIG has only till 25th September to sell off some assets (AIG stock fell 46% last week). It’s a pity they don’t own Ronaldo, instead of just sponsoring Man U.

    General Motors said on Friday the US Auto industry needs more cheap loans – taking the total to $50bn worth. Delphi passed $3.5bn in pension obligations to GM last week. Delphi has been making losses on GM’s parts for 3 years, now. Nobody can see profits anytime soon!

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  • planning4acrash says:

    AIG is worth OVER A TRILLION DOLLARS!!

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  • P4AC @ 2 Not for much longer it isn’t 😐

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  • last_days_of_disco says:

    @d’oh

    Good one.

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