Bear Stearns
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National City Drops 52% as Market Wonders Who’s Next [CNBC]
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AIG?
No AIG?
No AIG?
I still don’t understand why NatCity has dropped like a rock over the past few days. They are in MUCH better shape than WaMu or Wachovia.
merrill?
AIG is not a bank, you nitpicking gonifs.
MER?
@6…neither are/were Bear and LEH, technically.
@6 hey turdo, bear stearns and lehman brothers weren’t banks either, they were brokerage houses. “investment bank” is a misnomer.
what’s the deal with the WB pref stock?? Anyone knows and willing to share?
@6…neither are/were Bear and LEH, technically.
And $29/share does not put MER on this list either. As much as EP gets slammed around here, you’d think you lot could follow along easier than this.
it must be the short sellers!
HBAN is gonna get drubbed too.
trups are being assumed by citi. regular pfds are staying at whatever is left of wachovia corp.
@10 go back to yahoo finance, k?
#9 – I’ll grant you (or at least the more polite #11) that, but the point is, if it looks like a duck, and quacks like a duck, it’s probably not a fucking zebra. AIG is the zebra here, in case my metaphor went by as fast as EP’s apparently did. This is a list of, if not ducks, at least feathered bipeds.
Nat City is based out of Ohio, which is reeling from the loss of manufacturing jobs. Housing prices are falling fast as people move out of the state. There is a ton of supply on the market. Check out this link. http://www.ncmcreo.com/PropertySearchResult.asp
Notice how they are a ton of properties under $50,000 that Nat City owns.
‘It’s all gone Pete Tong’
-C
How much reg pfds is out there?
the fundamentals of the economy are strong.
AIG can’t fall, hankie pankie needs them to prop up goldie…
“A collapse of the insurer threatened to leave a hole of as much as $20 billion in Goldman’s side, several of these people said.”
http://www.nytimes.com/2008/09/28/business/28melt.html?scp=1&sq=goldman%20aig&st=cse
@17…I see your logic and I see EPs…but if EP includes Wachovia which did not fail like the others on the list…Bear would’ve went 11 without JPM it was a foregone conclusion – WB maybe not – at least not imminent.
But based on having WB on there, CFC should be on that list as well, EP.
@17…I see your logic and I see EPs…but if EP includes Wachovia which did not fail like the others on the list…Bear would’ve went 11 without JPM it was a foregone conclusion – WB maybe not – at least not imminent.
But based on having WB on there, CFC should be on that list as well, EP.
Nasty City
@21 big fat liar
COF – Capital One Financial. As financially strapped borrowers start leaving higher balances on their credit cards, COF and other issuers record more “income” (despite posting some measly – and insufficient – “reserves”). The math is that the reserve amount is the result of a multiplier which includes a default estimate and a recovery estimate whereas the income has no such multiplier. Of course once these defaults come home to roost, COF will claim they had no idea their modeled defaults and recoveries were wrong – EXACTLY what AIG said. Sigh.
26 “other issuers” = C, JPM, BAC. So stop picking only on COF (although they deserve it if only for plastering those stupid ads all over the subway showing that big red pushpin crashing through the hood of a yellow cab).
27, look at YTD performance. C down 31%, BAC down 16%, COF up (!) 5.71%.
I’ll concede JPM is up 6.67% but that’s due to their special role as the Fed’s right hand (which is bestowing untold wealth on them).
27, look at YTD performance. C down 31%, BAC down 16%, COF up (!) 5.71%.
I’ll concede JPM is up 6.67% but that’s due to their special role as the Fed’s right hand (which is bestowing untold wealth on them).
Sovereign and Fifth Third are also tanking. There go the regionals.
Drexel Burnham Lambert
Hows Pierce and Pierce holding up?