Which bank will be the next to be taken over???

NEW -> Contingent Buyer Assistance Program
You know... since the FDIC has a hatred for us evil blogs, you would think they would be reading here and CR. If they had, they would have been able to take over Downey sooner, and get things moving along sooner. Oh well.



<a href="http://www.nytimes.com/2008/11/22/business/22citi.html?_r=1">The clock is ticking for Citi</a>...
 
[quote author="graphrix" date=1227367793]You know... since the FDIC has a hatred for us evil blogs, you would think they would be reading here and CR. If they had, they would have been able to take over Downey sooner, and get things moving along sooner. Oh well.



<a href="http://www.nytimes.com/2008/11/22/business/22citi.html?_r=1">The clock is ticking for Citi</a>...</blockquote>
I say they get packaged/sold to Goldman/JP Morgan/BofA before the day is done on Sunday. Market could take a dump on Monday on the news.
 
Excellent article from Calculated Risk comparing the current FDIC Bank Failures to those in the 80s/90s:

<a href="http://calculatedrisk.blogspot.com/2008/11/graphs-fdic-bank-failures.html">http://calculatedrisk.blogspot.com/2008/11/graphs-fdic-bank-failures.html</a>
 
Excuse me while I whip this out...



<a href="http://www.iht.com/articles/2008/11/24/business/24citibank.php">http://www.iht.com/articles/2008/11/24/business/24citibank.php</a>
 
[quote author="morekaos" date=1227532896]Excuse me while I whip this out...



<a href="http://www.iht.com/articles/2008/11/24/business/24citibank.php">http://www.iht.com/articles/2008/11/24/business/24citibank.php</a></blockquote>
Funny how they said they were "well capitalized" about a week ago, I guess their word was as good as gold...NOT! No wonder they let Wachovia go to Wells.
 
Well capitalized = Sh*t, we don't have much time. Please, please someone help us, anyone, Hank, Ben, China, we don't care who it is, we just need some money because we are draining it faster that we could imagine.
 
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