Wamu In Bankruptcy Washington Mutual
Black and red Monday
You have heard of Black Monday, and welcome to the black and red Monday. The Dow collapsed in a big fall more than 500 points. And if spot gold was the second day of bouncing on the bottom, the shares collapsed with HUI. Today is a good example of why it is preferable to keep the thing real (gold coins or bars) that hold stocks of gold.
Monday faded black and red one small group of people, but what is rare is that today many big guys who took on the chin as well. Can you imagine a society that has never experienced a losing quarter in its rich history, bankruptcy on the negative in the first quarter? What about that?
The Dow Jones fell over 500 points today, below the 11,000 level while the Nasdaq is down 500 points for the year and the S & P 500 down model of nearly 300 points. The serious things to say the least.
Lehman Brothers Holdings Inc. (LEH) filed for Chapter 11 bankruptcy Monday in New York, listing debts of 613 billion U.S. dollars and naming as unsecured creditors were hundreds of billion from banks in Tokyo, Hong Kong New York, Singapore and Taipei, among others. Topping the list of Lehman's unsecured debt is around 138 billion USD senior bond debt, followed by another 17 billion U.S. dollars debt and junior subordinated notes, according to documents filed at 1:45 pm ET in the Bankruptcy Court Southern District of New York.
Meanwhile, Bank of America rescued Merrill Lynch, by buying 50 billion dollars.
Wamu also Meanhwile known as Washington Mutual Inc.., the largest U.S. savings and loans, had cut its credit rating by Standard & GARBAGE Poor's, due to the deteriorating housing market. S & P cut its rating on Washington Mutual Seattle to BB-from BBB-, leaving three underground levels investment, the company said today in a statement evaluations.
Hui and fell, while gold closed $ 4.10 This shows a again why the gold mining business is a lot better than owning gold stocks!
Thus Following Wall Street today was much like to Houston after Hurricane Ike came, devastation! 
About the Author
As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.
Wamu Investistigations Update: Kirsten Grind on KCTS9 2/12/10
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