WaMu’s Cards: Restructuring Is About the Only One Left [View article]
from cnnmoney.com 7/14/2008
"What we're seeing is mostly just investor panic," said Gerard Cassidy, RBC Capital Markets analyst, who does not believe that either bank is on the verge of failure. "These companies have a considerable amount of capital."
At the time of collapse, IndyMac's debt was 140% of its tangible capital and reserves, but both WaMu and National City have a debt level of less than 50% of its assets, Cassidy said.
"It's bad and it's not over yet, but investors are throwing out the baby with the bath water," he added. "The prospect of one of these banks failing is far-fetched. Both have ample liquidity."
Chinese Solar Stocks Present Compelling Value [View article]
dicki- you're right about the bad policies of the u.s.- but try and give us a little break. we've been trying to survive george bush, condoleeza rice and donald rumsfeld. all three have been a disaster and are war criminals.
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WaMu’s Cards: Restructuring Is About the Only One Left [View article]
"What we're seeing is mostly just investor panic," said Gerard Cassidy, RBC Capital Markets analyst, who does not believe that either bank is on the verge of failure. "These companies have a considerable amount of capital."
At the time of collapse, IndyMac's debt was 140% of its tangible capital and reserves, but both WaMu and National City have a debt level of less than 50% of its assets, Cassidy said.
"It's bad and it's not over yet, but investors are throwing out the baby with the bath water," he added. "The prospect of one of these banks failing is far-fetched. Both have ample liquidity."
WaMu’s Cards: Restructuring Is About the Only One Left [View article]
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