WaMu is auctioning itself off tonight like a street-corner prostitute.
Morgan Stanley is considering a merger into Wachovia.
Lloyds of London is buying UK housing lender HBOS.
As I said, massive consolidation into Too Big To Fail companies is coming. Massive. Consolidation.
[UPDATE] DeutscheBank is putting hold on its credit default swaps. The Credit market is coming unglued in real time. It's all changing this week.
What will tomorrow bring?
[UPDATE 2] Nancy wants TEH PROBE! (P.S. Obama just called McSame out for looking like a dipshit when he offered his blue-ribbon commission. We know what happened. There was no regulation. There's no need for a probe. JUST FIX THE DAMN PROBLEM. Nice one, Nan.)
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