Bank Domino continues …
Not ONE single weekend without bank failures … Respect
This weekend …
U.K.’s Bradford and Bingley gets … so reports … taken over by the Government …
Parts of it might be sold off to HSBC and/or Santander of Spain …
In the U.S. … rumours say, that Wachovia will be sold by Monday morning
Wachovia is said to try a merger or sell itself to the likes of Wells Fargo, Santander or Citibank.
Meanwhile, The U.S. Congress … as expected … agreed … and seemingly even will pass the bailout package before markets open …
what else can they do … that short before an election …
BUT … let’s see, whether that will really stop the ongoing domino … it might even accelerate it … as many of the weak ones show their real numbers …
This … together with the Q3 end … makes it close to impossible to predict the market … so I personally will wait until I see more clarity … Oct. 1st should do it 
I want to see, how far a relief rallye goes and then, whether we really see BUYERS …
Tags: bailout, Bradford & Bingley, financials, Wachovia
