Better Than Expected Losses — Say What?

Posted by John Park on Jul 24th, 2008
2008
Jul 24

Indymac Window Letter

 

Isn’t that a funny phrase?  You’re a loser but just not that much of a loser.  This is the new BUZZ phrase being utilized by analysts all over Wall Street.  As one major company after another reports their 2nd quarter earnings, it’s almost too frightening to watch.
 
 
The HITS keep on coming!
 

INDYMAC BANK — Read the letter in the window please.  Sorry… those of you who had more than 100K in this defunct bank.

 
WACHOVIA — $9 Billion Dollar Loss, WOW

 
WASHINGTON MUTUAL — $3.3 Billion Dollar Loss, CEO says give me another shot

 
NATIONAL CITY — $1.8 Billion Dollar Loss, Should have stayed in the Mid-West

 
MERRILL LYNCH — $4.9 Billion Dollar Loss, Got a stock tip?

 
FORD — $8.7 Billion Dollar Loss, Largest EVER in its history

 
GM — I am too scared to look.

 
 
Who is making money???
 
- OIL
- WAL-MART
- HEALTH CARE
 
 
Don’t expect miracles from either Obama or McCain.  We’re in this for a while yet.
 
Thank GOD we still have small businesses holding up the U.S. Economy!

 

One Response

  1. Katherine James Says:

    Biz Crusader:
    Yes — small businesses are doing it yet again, aren’t we? Just like last time…
    Katherine

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