3 of 16
3. The Analyst
Michael Mayo
Deutsche Bank

Mayo said in 1999 to sell banks stocks and has not wavered from that call, which cost him his job at Credit Suisse and friends on the Street. That year he said banks relied too much on asset-backed securities, and that if home prices fell we would see "a self-fulfilling prophecy of lower home prices and lower collateral, not to mention unique political fallout."

Now he thinks financial institution mergers are likely to come back over the next five years. "There are still too many banks and not enough revenue opportunities."

NEXT: The Investor
Last updated August 06 2008: 6:26 PM ET
Credit crunch isn't over Oppenheimer & Co. analyst Meredith Whitney tells Fortune that housing woes will force banks to keep taking writedowns. (more)
CEO misery index It's not just the average Joe suffering as the U.S. economy heads south. These top U.S. executives are really feeling the heat too. (more)
The trials of Jimmy Cayne Last summer the ex-Bear Stearns CEO was worth $1.6 billion on paper. Then he nearly died and Bear collapsed. (more)