September 7, 2008 | Posted by Jorge Another one bites the dust! Reports from the Wall Street Journal indicate that Washington Mutual (WM) are ousting their CEO, Kerry Killinger, this evening. Seems like as the government is doing some housekeeping, some of the other financial instituions are as well. Tomorrow’s going to be extremely interesting in terms of market action. Now I’m [...]
September 7, 2008 | Posted by Jorge Testing the new Disqus commenting system. Don’t mind me
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September 7, 2008 | Posted by Jorge Ooooh boy. Let the fun begin. I’m watching the 11am news conference by Hank Paulson. More info once its released.
Update: Here’s the shortened version of the story as I see it. The government’s taking over Fannie and Freddie, removing the CEOs of both companies, and eliminating both preferred and common dividend. By eliminating the dividends, [...]
Categories: Alerts, Features | Tags: Features, FNM, FRE | Comments