Which shitty financial company will go bankrupt next? Winner: TMA Which shitty financial company will go bankrupt next? Part II Winner: FNM, FRE Which shitty financial company will go bankrupt next? Part III Winner: LEH Which shitty financial company will go bankrupt next? Part IV Winner: AIG Which shitty financial company will go bankrupt next? Part V Winner: WM Which shitty financial company will go bankrupt next? Part VI Winner: NCC Which shitty financial company will go bankrupt next? Part VII Winner: C Which shitty financial company will go bankrupt next? Part VIII Winner: BAC
futures rallying again. I don't think people care about financial companies as much anymore. Another shoe may drop, but it won;t result in a big selloff.
I voted for GM. In some respects it is already "done", because like FRE, FNM, AIG, C and BAC, it is only solvent because of government support. Also NCC merged with another bank, I think it was PNC, so it probably does not belong on the list.
So the definition of a fail will be when it gets direct Govt support... Kinda includes everyone on Tarp 1. I agree with Ncc and TMA but what to replace it with?
Congratulations to all those who voted for GM. You were wrong since GGP went bankrupt first, but deserve kudos nevertheless.
Looks like GGP won part 9 of this "contest", then GM won part 10. My vote for part 11 at this stage is SNV