Wednesday, November 19, 2008

Let's revisit the bailout list

This was the list of 2 months ago, September 16th, 1 day after Lehman Brothers collapsed.

UPDATE in italic
FED's Bailout list
Bear Stearns: check
Fannie Mae: check
Freddie Mac: check
AIG: check
Washington Mutual: check
Citigroup: insolvent, laid off 53000 employees Monday, no one knows how much they got from the Treasury, will probably be bailed out this weekend by Paulson and friends with OUR money, 6 dollar stock
General Motors: GMAC bankrupt, GM is insolvent, bailout is imminent, cash for 4-6 weeks, 2 dollar stock
Ford: insolvent, bailout combined with GM and Chrysler?,cash for operations for 4-6 months, 1 dollar stock
Airlines:

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