With every passing day bringing more bad news for the financial markets, you have to wonder if we will ever reach the bottom of this mess. What started out as a housing crisis in the US last year has snowballed into a full blown financial crisis across the global financial system.
Every day brings in bad news about some financial gaint buckling. Monday it was Lehman Brothers and Merrill Lynch, Tuesday it was AIG which was bailed out by the federal government with a cash infusion of $85 billion and today there is talk about Washington Mutual. New York Times reports that Washington Mutual has put itself up for auction. The question is will there be any potential takers.
So who is next in line to fall...... Lets wait and watch
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