Entries from Seattlest tagged with 'greatdepression20'
October 7, 2008
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......
Continue Reading "WaMu's Epic Fail Enters Wall Street Lexicon"