WaMu's Epic Fail Enters Wall Street Lexicon

On this afternoon's Fast Money, the CNBC show for the ritalin-munching financial types, a segment of the show was dedicated to the Royal Bank of Scotland, which is looking less and less regal with each passing day. Today, the stock was down 44% and now trades at less than 2 bucks. (Sound familiar?) When asked if the stock was worth the risk as a buy, commentator Jeff Macke responded, "RBS is nothing more than WaMu in a kilt," which made us shudder at the thought of Kerry Killinger's pasty white legs.