Quote:
Originally Posted by sweetcuties
Great news, I hope more financial institutions go bust... this is what happens when you vote for the current administration  |
The next one on the list are:
FED and DSL. Both of them are going to implode in a few months. Then there will be a WAMU and then FDIC is without money. And there are dozens of banks on the way to BK too. Guess who will pay it with FDIC out of money....
I made a lot of cash with put options on financials and I will made a lot of cash with put options in the future too, but this news isnt great. If forced "mark to market" you have entire US bank system bankrupted. Even without "mark to market" there is going to be implosion of Credit Default Swaps which would hurt significantly entire US bank system. I expect that only 2-3 big players will survive after everything is done.