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Originally Posted by NoComments
basically...yes. I had to investigate today as I have 2 CD's with lehman brothers which was down 15% today.
You KNOW the things are bad when you start worrying about FDIC insurance and what it covers.
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I wont probably please you, but LEH is rumored to be second bank going down. Compare todays stock slides of all IB and LEH.
They had biggest slide of all banks except BSC - 14.63% . They were probably smashed down for a reason too. Implied Volatity of LEH options wents nuts just today, before the big slide.
The crash on BSC start to be rumoured because of insane put options actions one week ago. There were big money made on BSC put options by all people who knew whats was going on behind scenes.
I made around 500% on my BSC put options too...
Anyway, WM, CFC and LEH are my favorites for going under as the next ones.
LEH, because they held similar things like BSC and they are really overleveraged.