Cramer's Next Bank Seizures
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Created by barrons3
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Date updated:10-02-2008

"These two have done everything wrong, in my opinion, and have courted this for months. It seems like the ballgame is finally over." - Jim Cramer

symbol name last price % change open
  • +
  • WM
    Waste Mgmt Inc
  • $32.18
  • +0.66%
  • $31.92

If the FDIC can come in and seize WaMu (WM), how are they not going to seize BankUnited (BKUNA) and Downey Savings (DSL)? These are the obvious ones, the ones that the FDIC needs to see made whole or will take them, take the liabilities and sell the deposits.

People owning WM also tend to own: BACBBTCCMAFITBJPMKEY

TheStreet.com Rating: D What is this?

  • +
  • BKUNA
    Bkuna
  • $0.00
  • N/A
  • $N/A

If the FDIC can come in and seize WaMu (WM), how are they not going to seize BankUnited (BKUNA) and Downey Savings (DSL)? These are the obvious ones, the ones that the FDIC needs to see made whole or will take them, take the liabilities and sell the deposits. Both are damaged and wounded institutions that I would put in the camp of WaMu, and both need to be seized to make sure Congress knows the stakes and what is about to happen here.

People owning BKUNA also tend to own: ACWARBBBGBMYCACSARDIO

TheStreet.com Rating: No Rating What is this?

  • +
  • DSL
    N/a
  • $0.33
  • 0.00
  • $0.33

If the FDIC can come in and seize WaMu (WM), how are they not going to seize BankUnited (BKUNA) and Downey Savings (DSL)? These are the obvious ones, the ones that the FDIC needs to see made whole or will take them, take the liabilities and sell the deposits. Both are damaged and wounded institutions that I would put in the camp of WaMu, and both need to be seized to make sure Congress knows the stakes and what is about to happen here.

People owning DSL also tend to own: CALCOPHALMOMONSHLDSTX

TheStreet.com Rating: D What is this?

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