A large US bank will collapse within few months

WaMu appears to be the front runner to the financial graveyard with their Jan '09 bonds yielding ~27%.

 

:eek:

 

I think this might be the HTML version:

http://www.investorsinsight.com/blo.../08/22/it-s-more-than-fannie-and-freddie.aspx

Regarding WM:

(1) there is no way that the FDIC would talk about any specific bank, because that talk would cause a run on the bank.

(2) A failure of WM would have far greater impact on the economy and the stockmarket than the failure of BSC and the bailout of FRE / FNM, given that WM has many non-HNW customers.

 

I think there's more truth to this than meets the eye.