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Will Another Big Financial Institution Fail?

Posted by billspaced | 5:01 AM | , | 0 comments »

Was Bear Stearns the last large financial company to fail? Will Freddie Mac or Fannie Mae fail, too (Answer: NO)?

Odds-on favorites to fail are Lehman (LEH), Wachovia (WB), and Washington Mutual (WM), according to this report: 24/7 Wall St.: Vegas Odds: Another Large Financial Firm Will Fail (LEH)(WB)(WM)

The remainder of 2008 is going to be really ugly and difficult.

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