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Financial Company Deadpool
Many are watching this from the sidelines, not knowing what to say or do, but worrying about the future.
Some of us are in Politics talking about what is going on, if you'd like to discuss it a bit more in depth, bring it on, we're happy to have more people in there: http://www.tfproject.org/tfp/tilted-...round-2-a.html
But this thread is strictly a deadpool type discussion. Who do you think is next?
This link can give a bit more insight as to what the valuation of the companies were in Oct 2007 vs. Sept 2008.
A Year of Heavy Losses - Interactive Graphic - NYTimes.com
Citigroup already wrote down their books earlier this year. I'm not convinced that they went far enough, so I'm taking them to 3rd position. I think that Washington Mutual is announcement that comes out in a few weeks as they were heavy into the mortgage business during the growth years, and Wachovia next for the same reasons.
1. WaMu
2. Wachovia
3. Citigroup
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