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Which of these banks will be the next victim of the credit crisis?

Settled as Washington Mutual

Washington Mutual fell last being taken over then having large parts sold....Earliest news reports were posted at 11:24 PM EDT so that will be the suspension time and wagers made after that time will be cancelled.

Headline from Reuters web article:
WaMu is largest U.S. bank failure
Thu Sep 25, 2008 11:24pm EDT

http://www.reuters.com/article/newsOne/idUSTRE48P05I20080926

Background:

Question created by
Background: Morgan Stanley topped the list of major financial companies scrambling to find a buyer as its shares tumbled another 35 percent, while central banks rushed in $180 billion in extra liquidity to calm panicked stock and money markets.
http://www.reuters.com/article/topNews/idUSHKG1567720080918

Settlement details:"Victim" means the bank either files for bankruptcy or sells all or part of itself to another company. As reported on www.reuters.com.

 
Forecast history %
Morgan Stanley
75%
Goldman Sachs
2%
UBS
2%
Citibank
2%
BNP Pariabs
2%
Washington Mutual
16%
Settled as Washington Mutual on Fri 26th Sep 2008 7:38am PST

Suspend date: Wed 31st Dec 2008 3:59pm PST
Settlement date: Fri 26th Sep 2008 7:38am PST
Prediction cut-off: Predictions on this question after Thu 25th Sep 2008 7:25pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Morgan Stanley: 25%, Goldman Sachs: 14%, UBS: 14%, Citibank: 14%, BNP Pariabs: 13%, Washington Mutual: 20%

Action history:

Created Thu 18th Sep 2008 11:31am PST by reuters
Settlement requested Fri 26th Sep 2008 2:47am PST by tomtom: See reuters:
http://www.reuters.com/article/newsOne/idUSTRE48P05I20080926

Sold to JPMorgan for 1.9bn.
Suspended Fri 26th Sep 2008 2:59am PST by jenniandboys[Admin]: Suspended pending settlement
Settlement requested Fri 26th Sep 2008 2:59am PST by jenniandboys[Admin]: wamu gone (good lord)
http://www.marketwatch.com/news/story/fhlbank-san-francisco-informed-advances/story.aspx?guid={97098D6E-9D6B-4E88-BE45-555EA790A42F}&dist=hppr (market suspended)
Settled as 'Washington Mutual' Fri 26th Sep 2008 7:38am PST by bayoubear[Admin]: Washington Mutual fell last being taken over then having large parts sold....Earliest news reports were posted at 11:24 PM EDT so that will be the suspension time and wagers made after that time will be cancelled.

Headline from Reuters web article:
WaMu is largest U.S. bank failure
Thu Sep 25, 2008 11:24pm EDT

http://www.reuters.com/article/newsOne/idUSTRE48P05I20080926

Suspend date: Wed 31st Dec 2008 3:59pm PST
Settlement date: Fri 26th Sep 2008 7:38am PST
Prediction cut-off: Predictions on this question after Thu 25th Sep 2008 7:25pm PST have been voided because they were made after the question could be settled details

 

Predictions (56)

1 year ago
tomtom predicted Washington Mutual (H$1,150 at 63%)
1 year ago
tomtom predicted Washington Mutual (H$500 at 57%)
1 year ago
tomtom predicted Washington Mutual (H$500 at 52%)
1 year ago
tomtom predicted Washington Mutual (H$500 at 47%)
1 year ago
tomtom predicted Washington Mutual (H$500 at 42%)

Comments (4)

Will we be betting on this market until there are only two choices left that haven't fallen victim? :)
posted 1 year ago
@carnac - There's a scary thought! Let's hope not...
posted 1 year ago
The show's over, folks! Nuthin' left to see here. : )
posted 1 year ago
You're right. WaMu is down!
posted 1 year ago

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