The list of failing companies is growing longer and longer as this crisis goes on. Bear Stearns and IndyMac are the two most prominent to fail already. A number of other companies are right on their tails.
The list includes:
Wachovia
Washington Mutual
Lehman Brothers
Fannie Mae
Freddie Mac
GM (possibly other automotives)
Airlines (u-pick-em)
Merill Lynch
I anticipate most if not all of the above will fail or "merge"before this is all over. This list will get bigger and it will include bankrupt local governments as well.
Ugly indeed.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment