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Is Downey Financial next?




Downey Financial (DSL) stock price over past year. Named today as next likely bank to be seized by regulators.

That chart is logarithmic. The stock has gone from over $60 a share to $1 a share over the past year.

Downey Financial was one of seven banks to be named by a financial analyst at Ladenburg Thalmann as in double trouble. Washington Mutual is on the bubble of the list, not on it, but close.