Wednesday, September 17, 2008

We Gots Dealz, Yo

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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