The Mess on Wall Street: $4 Trillion Down the Drain [View article]
And yet, at the end of all this mess, there will be a few winners that will take it all. I am particualrly interested in Bank of America. They are taking some gutsy risks, but if they pay off -and I think they will-, BAC will come out of this turmoil as a financial power house. Some people have said they are reckless; I think they are being cleverly aggressive.
Harrison's comments seem quite logical. WM does not need much external help to continue going down. Just today is dropping another 20%, and not because of this post. CABANKER seems to have some additional research that suggests that WM is not in such dire position. Rather than just bashing the writer, I'd like to hear the basis to belie his article. I am personally long on WM, and not happy with it.
The Mess on Wall Street: $4 Trillion Down the Drain [View article]
WaMu on the Brink [View article]