Did UAL's billion-dollar drop affect banking?
September 16, 2008 11:33 AM Subscribe
Did the United stock drop have any catalyzing effect on other recent collapses?
Obviously, big banks fail because of years of mismanagement, and the credit crunch has an order of magnitude more impact than a single day's blip in even a large company like UAL. But I'm curious if anybody with relevant financial knowledge can identify any connections between the blip caused by the resurfacing of the old Sun-Sentinel UAL bankruptcy story and any of the larger institutions that went from teetering to collapse recently.
Tenuous connections welcome! :)
Obviously, big banks fail because of years of mismanagement, and the credit crunch has an order of magnitude more impact than a single day's blip in even a large company like UAL. But I'm curious if anybody with relevant financial knowledge can identify any connections between the blip caused by the resurfacing of the old Sun-Sentinel UAL bankruptcy story and any of the larger institutions that went from teetering to collapse recently.
Tenuous connections welcome! :)
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posted by unSane at 12:59 PM on September 16, 2008 [1 favorite]