In a day where everyone is paying attention to the MOAB, no, no the military type MOAB but to the "MOTHER OF ALL BAILOUTS" which can ultimately can
have the same effect in out country's future as the military type has on its targets, this story has stay off the radar, I wonder why? Some analyst
at some no name Miami investment advisory firm mistook a story from 6 years ago when United Airlines filed from bankruptcy and put it on a report that
makes its way to the markets and the frenzy ensued.
Yeah, seriously that was majorly screwed up there. Also today Washington Mutual fired thier CEO and also noted a "memorandum of understanding" with
their principle regulator.
Washington Mutual is another of those banks that keep saying that they are well capitalized. I'm just waiting for them to make a U turn and say:
"Well... remember all that capital we said we had.... ITS GONE!!...we just made some little accouting mistakes".