Not that many Occupy Wall Street participants are actively checking their stock quotes or anything but it appears that they are actually winning. Today two of the last remaining Wall Street giants are getting the Gulliver in Lilliput treatment as their stock prices are tied down and speared to death in a classic sell-first-ask-questions-later hellstorm in the equity markets. No one trusts Morgan Stanley (now majority owner of Smith Barney) and Bank of America (Merrill Lynch) may actually be better off dead than alive if you were to read The Street’s consensus opinion into it’s unimaginable share slide down to the sub-$6 level. In the meantime, Credit Suisse is out with a report predicting a massive loss for Goldman Sachs this quarter and UBS is still running around like a Swiss chicken with its head cut off in the wake of the $2 billion “unexpected” trading loss and the CEO’s departure.
In case you haven’t noticed, the protesters are winning
Most Popular Articles
Latest Articles
DOJ comes out against NAR commission lawsuit settlement
The DOJ claims the NAR commission lawsuit settlement’s requirement for buyer broker agreements may stifle broker competition for home buyers.
-
RiskSpan’s Chris Kennedy explores recapture strategies and MSR management tools for 2025
-
To achieve homeownership, Americans need stability
-
CoreLogic: Single-family rent growth drops to four-year low
-
How are mortgage rates affecting housing demand?
-
Better’s Chad Smith explores mortgage hiring trends, tech tools for 2025