“I’m kicking myself for not doing a short play last year when the writing on the wall was so clear for WaMu.”
Why not short it now? 5 to 0 is still a profitable trade. I can tell you that there is currently a run on the bank.Large depositors have been pulling their money out big time this week. That is going to put the dowward spiral in hyper mode. Next week is going to be an interesting week. I am wondering what the government is going to do to keep our banking industry from completely melting down.
