Another Leg Down for Financials Is Coming [View article]
I agree that there is another leg down. But I don't think CFC is the "unexpected" BK. WAMU is a likely candidate, imho. It won't be a bailout and it's portfolio is probably so toxic that it would sink anyone that tried to do a Bear-Stearns last minute deal with it. If WAMU goes, holding the SKF will be a BIG winner.
Another Leg Down for Financials Is Coming [View article]