All of 'em. Goodbye. The world will be shocked by the companies that go bankrupt and fire all their employees during this Great Unwinding. CEOs and CFOs will go to jail. Shareholders and bondholders will be wiped out.
And HP'ers saw it all coming. All of it.
Renewed credit fears sent stocks sliding on Wall Street, after a major bank said it expects market conditions to worsen.
At an investor meeting in New York on Wednesday, Washington Mutual (nyse: WM - news - people ) executives said they expect the housing slump to continue well into 2008, leading to an increase in loan losses and a continued decline in mortgage lending. Shares of the bank plummeted 15.7% after the comments were reported, falling $3.80, to $20.43.
