The Problem With Capital One Financial [View article]
I'm also looking to short COF, and I'm pissed that I didn't do it friday morning when it was up 66 cents, before turning around and ending down 1.40. I agree that the FHLB will scrutinize any collateralized capital requests, and it may come down to a board member having a personal contact inside. I predicted the collapse of Countrywide and MBIA, and I can't see any way for COF to emerge from this dark alley. Hell, they even offered ME a credit card last week! I wouldn't be surprised if COF's stock chart falls off a cliff in the next 60 days.
The Problem With Capital One Financial [View article]
The Problem With Capital One Financial [View article]