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It's more than a little disappointing... the WaMu merger really opened a lot of eyes as to how poorly option ARMs were doing. Wachovia was standing to survive the struggle because they had so few mortgage-backed securities and enough time to restructure their loans to minimize defaults but WaMu really fucked them over.
Good move for Citigroup, though... Wachovia was a major player in storefront banking and Citigroup simply wasn't.
Isn't Wachovia like in major debt?
Dear US Government:
I have 700 billion Style Points that I will donate to you.
hope this helps.
This might sound stupid but what happens to you if you have a Wachovia account?
700 billion style points is only 7 billion dollars, moron.Quote:
Originally Posted by DaiTengu
Odds are, nothing. Citigroup is effectively buying Wachovia's debt for $1 per share. The name of your account provider probably won't even change.Quote:
Originally Posted by Nadia
No one's bothered to mention yet that the $700 billion bail-out package has failed in the House...
Yeah because you found out like an hour ago douche bag.
That's because that news is brand fucking newQuote:
Originally Posted by sycld
I mean, I don't check the news in the middle of the day, and I assume most others don't either
So, in other words, more news at 11 (c what I did there?)
At the time of this thread posting, it hadn't failed yet.
also, the bailout isn't really relevant to this thread. Daitengu just threw in a 'comedic' derailment
Um... lrn2stayointopofthenews? :'(Quote:
Originally Posted by Mr. E
I don't usually either, but I thought someone might have... my radio is almost always set to NPR.
Also, the bailout is RELEVANT TO EVERYTHING GODDAMN IT D:
True, I know that.Quote:
Originally Posted by Atmosfear
You are a sad, sad person.....until today I was the only person I knew of that actually listened to NPR.Quote:
Originally Posted by sycld
It's quite enjoyable though. I like Wait, Wait, Don't Tell Me and classical music.
Fail begets failure.
Good thing I use SunTrust.
hehe, I take it this is a bit of self-commentary as well.Quote:
Originally Posted by djwolford
Am I the only person to whom SunTrust sounds like the name of a bank that caters to nudists?Quote:
Originally Posted by Default User
Wow.
Biggest point loss in history, which I assume is a bit blown out of proportion when you look at inflation rates relatively.
1.2 Trillion is lots of money.
Very much so. It's captivating once you start listening to it though.Quote:
Originally Posted by sycld
I am obsessed with NPR especially All Things Considered and Wait Wait
That's because you're a faggot.
Sorry :(
It was about that time for me anyway, that's for breaking it to me straight..or I guess, not straight.
Atmosfear, I remember you mentioning you went to UGA.
Are you a business or an economics major?
Yes.
Leveraged? :blush:Quote:
Originally Posted by DaiTengu
The Podcasts of All Things Considered, Story of the Day and Live Concerts from All Things Considered are part of my weekly downloads.Quote:
Originally Posted by TheOriginalGrumpySpy
A major at 16.Quote:
Originally Posted by gorefinger
lol
My account is with Wachovia, I hope everything transfers smoothly.
P.S: Atmosfear, you're wrong, 700 billion SP == $700,000,000,000.00 Perhaps you were thinking of the typical 0.01 SP as == 1SP?
If you think 1 SP is worth 1 dollar you are gravely mistaken.
1 SP was a dollar for a while (not that it matters since LWS went to hell right before I could cash out)Quote:
Originally Posted by Atmosfear
15.00 SP = 15 SP = $15 minus paypal fee.