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Originally Posted by teomaxxx
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.
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well,
I just got word from the broker that LEH is calling one of 2 CD's back on March 20th, but even if they didn't, both CD's are FDIC insured, thus even if they go under, yours truly won't suffer much.
My biggest holding in banks is Bank of America, the biggest of them all in USA.
If they fail, the life the way we know will seize to exist anyway, so who cares? We live in interesting times when the question of failing banks is on the front page of GFY for 24 hours