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Thread: WAMU to fail?
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Old 07-25-2008
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The_Cynic The_Cynic is offline
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Something interesting about wamu that has come to light. Recently the SEC enacted a rule that certain important finacial stocks could not be shorted naked. Among the companies Fannie mae , Bank of America, Merrill lynch, Citi.
after the rule chnged all those had huge jump.

But conspicuously left off the list ----- Wamu and Wachovia !

What are they saying, it is okay to naked short wamu but not their competitors like citi and BOA ? BS, wamu is getting screwed here. Watch for them to fail before the year is out, they are getting no help from the fed or the SEC.
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