tag:blogger.com,1999:blog-6492542366661862113.post5824886655955420204..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Paulson's Bailout BlunderJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6492542366661862113.post-41608614811397995982008-09-09T20:26:00.000-07:002008-09-09T20:26:00.000-07:00growlerFrom what I see, no one knows anything abou...growler<BR/><BR/>From what I see, no one knows anything about tomorrow regarding LEH.<BR/><BR/>However, this is interesting regarding WAMU: Sounds like junk to me!!:<BR/><BR/>" NEW YORK, Sept 9 (Reuters) - Standard & Poor's on Tuesday changed its outlook on Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz) to negative from stable, signaling that a rating downgrade to junk status is more likely over the next two years.<BR/><BR/>The outlook revision reflects an increasingly challenging mortgage market and more scrutiny on Washington Mutual by regulators, S&P said in a statement.<BR/><BR/>In addition, the replacement of its chief executive, Kerry Killinger, by Alan Fishman carries strategic uncertainties and the potential for substantial changes to Washington Mutual's core franchise, the rating agency said.<BR/><BR/>S&P rates Washington Mutual "BBB-minus," the lowest investment grade. The rating could be cut if credit losses exceed the current forecast of $19 billion, S&P said.<BR/><BR/>Washington Mutual, the largest U.S. savings and loan, has been put under special regulatory supervision following skyrocketing losses from mortgages that are expected to weigh on results for years."<BR/><BR/><BR/>http://www.reuters.com/article/marketsNews/idINN0933255020080909?rpc=44Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-22626539394983652352008-09-09T17:14:00.000-07:002008-09-09T17:14:00.000-07:00Oye....I suspect this is gonna get nasty.Oye....I suspect this is gonna get nasty.Growlerhttps://www.blogger.com/profile/15157589177057003376noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-88682447086981110662008-09-09T16:11:00.000-07:002008-09-09T16:11:00.000-07:00Lehman to announce earnings at 7:30AM tomorrow.Let...Lehman to announce earnings at 7:30AM tomorrow.<BR/><BR/>Let the fireworks begin!!<BR/><BR/>Its gonna be another rollercoaster day tomorrow!<BR/><BR/>Hold on tight!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.com