InvestorsHub Logo
Followers 24
Posts 3193
Boards Moderated 0
Alias Born 05/16/2009

Re: mattchew post# 141625

Tuesday, 01/26/2010 4:41:57 PM

Tuesday, January 26, 2010 4:41:57 PM

Post# of 730373
look at this crap from Cramer:





http://www.thestreet.com/story/10667490/1/cramer-capital-crime-capitol-punishment.html


The two that needed multi-billion dollar guarantees to be purchased were were Washington Mutual and Wachovia(WB Quote), both because of horrendous and injudicious lending directly by Washington Mutual and indirectly via Golden West, a terrible acquisition by Wachovia. Of those two, only Washington Mutual needed real government help as Wells Fargo(WFC Quote) swept in and voided a government-guaranteed plan for Citigroup(C Quote) to buy Wachovia. Washington Mutual and Wachovia were mortgage lenders, not prop traders or private equity investors. Neither had hedge funds.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News