Only down 250 points after the announcement of Lehman going bankrupt, BofA being forced to buy Merrill, and AIG not being able to secure funding without the Fed. What a joke.... - New Century - Countrywide - Bear Stearns - Indymac - Freddie Mac - Fannie Mae - Lehman Brothers - Merrill Lynch - AIG? - Washington Mutual? - FDIC? - General Motors? - Ford? - ............
I believe you missed the thread I had started regarding my neighborhood corner store.. majeeb apoo filing for chapt 11 in hopes of a paulson bailout.
Actually is there a 'Death List' of firms like the OP started that shows the companies that have either died, been taken over/saved, or have had sizable percentages of their market caps disappear during this crisis? IE, an Honor Roll of Wall Street Idiocy 2007-'08? Would be an interesting and sad list of names, to be sure....the best and brightest. Yeah, right.
I'm looking to make my financial status this next bull market - and leave the Fed and Wall Street for a safer country/place to park my money. Government will NOT make the necessary reform to stop these greedy bastards from bring down the global financial system - - the next time. Paysense
Check out http://www.downside.com/ and click on "Death Watch" They may start a new group for the financial's.