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ALL “SUBPRIME RIDERS” SHOT DOWN … MS last one standing

All major Subprime-involved companies have been (at least partially) nationalized, taken over or left bankrupt … the only one left standing is Morgan Stanley … Congrats ;)

We had …

Citibank … today partially nationalized …

Bear Stearns … taken by JPMorgan

Lehman … allowed to fail

Countrywide Financial … taken by Bank of America

Merill Lynch … takeover by Bank of America pending

Fannie Mae … nationalized

Freddie Mac … nationalized

AIG … nationalized

Wachovia … taken over by Wells Fargo

WaMu … taken over by JPMorgan

Ambac … still hanging in … as nobody seems to have interest in a solution

MBIA … same as Ambac

Internationally … we had:

Northern Rock … nationalized

Bradford and Bingley … nationalized

HBOS … taken over by Santander

IKB … as good as nationalized

Hypo Real Estate … as good as nationalized

UBS … smells like being nationalized …

So … Morgan Stanley is the last one standing …

and Deutsche Bank and Barclays … just hanging in … DESPITE working with a 60x LEVERAGE …

So … The so called subprime crisis is HISTORY …

Now this will work through the economy … and this will last LONGER …

Means … BOUNCES? … YES!!! … VALUE? Not really!!!

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This entry was posted on Montag, November 24th, 2008 at 11:00 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “ALL “SUBPRIME RIDERS” SHOT DOWN … MS last one standing”

  1. Eric Says:
    November 25th, 2008 at 01:05

    The subprime crisis is history – yes, it’s history in the making, as its consequences unfold over the next few years.

    From MoneyNews com – ZURICH, Switzerland – The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.

  2. Oli Says:
    November 25th, 2008 at 06:25

    Since when do you care, what they write? ;)

    But … maybe they are right this time …

    We will find out :)

  3. matttt Says:
    November 25th, 2008 at 15:26

    Hello oly!
    Thanks for your wise post,
    in crazy time like this, its a good mooring;

    what you think of this Incredible Number!

    U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit
    Its 50% USA GDP!!!

    http://www.bloomberg.com/apps/news?pid=20601109&sid=an3k2rZMNgDw&refer=news

    IMHO: On va a toute allure dans le mur en klaxonnant.

    We’re headed straight for the wall, honking all the way in.

    the wall’s name is currency debasement.

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