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What companies have shut down or been bankrupted by the crisis?

musicismylife78musicismylife78 Posts: 6,116
edited October 2008 in A Moving Train
is there a list of companies that have ceased to exist or are seriously in danger currently?
Post edited by Unknown User on

Comments

  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    radiohead33 wrote:
    is there a list of companies that have ceased to exist or are seriously in danger currently?

    For banks, Roland showed me this one once upon a time:
    bankimplode.com,
    and i just love it.

    As far as general lists,
    i don't think you will find one.
    That is a pretty hard statistic to even measure, much less track.
    I mean, how do you even know it was "caused" by the credit crisis?
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • mammasanmammasan Posts: 5,656
    radiohead33 wrote:
    is there a list of companies that have ceased to exist or are seriously in danger currently?

    Lehman Brothers - went Bankrupt
    Bear Sterns - bought out by Bank of America
    Washington Mutual - taken over by the FDIC then had it's assets taken over by JP Morgan Chase
    Countrywide Financial - bought out by Bank of America
    Wachovia - will be the next to go. Buy out by either Citigroup or Wells Fargo
    Meryll Lynch - bought out by JP Morgan Chase

    These are some of the big ones but all in all I believe something like 11 banks have failed and there are about 100 on the FDIC's endangered list.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • DriftingByTheStormDriftingByTheStorm Posts: 8,684
    mammasan wrote:
    Lehman Brothers - went Bankrupt
    Bear Sterns - bought out by Bank of America
    Washington Mutual - taken over by the FDIC then had it's assets taken over by JP Morgan Chase
    Countrywide Financial - bought out by Bank of America
    Wachovia - will be the next to go. Buy out by either Citigroup or Wells Fargo
    Meryll Lynch - bought out by JP Morgan Chase

    These are some of the big ones but all in all I believe something like 11 banks have failed and there are about 100 on the FDIC's endangered list.
    bankimplode.com

    ;)
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
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