The financial institutions (and assets) got troubled or bankrupt inthe PAST 2 WEEKS - The Latest Casualty Count
By Daniel at 9 November, 2009, 9:58 pm
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Just a short list about the financial institutions (and assets) got troubled or bankrupt inthe PAST 2 WEEKS. This is not about community banks, or little companies anymore. Companies with assets > 10B are not small.
Capmark($20B)
CIT ($70B)
U.S. Bank, NA, of Minneapolis ($19B)
GMAC ($187B)
United Commercial Bank ($11B)
MBIA ($27B)
And don’t forget Fannie Mae and Freddie Mac asking for money again, or Chrysler, or The Federal Housing Administration or FDIC.
Many, I mean MANY large institutions are in trouble, and the trend shows worsening. This is happening now, not a year ago. And the global picture is much worse than it was a year ago.
Crash is imminent and inevitable.
- Roka
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