The pattern is clear.

Fannie Mae and Freddie Mac: taken over.

Fannie Mae YTD

Fannie Mae YTD

Freddie Mac YTD

Freddie Mac YTD

Then Lehman Brothers: bankrupt. (Some wonder why Bear Sterns was bailed out, but Lehman Bros. was left to the wolves?)

Lehamn Bros. YTD

Lehman Bros. YTD

Then AIG: bailed out. (Necessary?)

AIG YTD

AIG YTD

Now, Washington Mutual looks a lot like those guys…

Washington Mutual YTD

Washington Mutual YTD

UPDATE: yes, WaMu is the next.

Washington Mutual has been working on several efforts to save itself, including a potential sale. The unsurprising announcement comes as the bank, which has suffered badly from losses on mortgages it had made, continues to stumble. […] Goldman Sachs, which Washington Mutual has hired, started the auction several days ago, these people said. Among the potential bidders that Goldman has talked to are Wells Fargo, JPMorgan Chase and HSBC.

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