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BodyDroppedNikes · 09-28-2008, 08:18 PM

Wachovia bank in talks to be bought: sources - Yahoo! News

B · 09-28-2008, 08:28 PM

welcome to last week. lol

wamu, wachovia... and there's a couple others that are pretty damn rocky.

BodyDroppedNikes · 09-28-2008, 08:30 PM

i just saw this on Yahoo's main page today you ninny

Slammed89Integra · 09-28-2008, 10:18 PM

wachovia and morgan stanley are trying to merge.

WAMU was bought out by the govn't and resold to jpmorgan. Big news for us. My dad manages his company using wamu for a payroll and purchasing system. He has a little under 100k in the bank so he's fine but shit might hit the fan if there is a suspension on funds for a while.\

EDIT: Citigroup is buying wachovia

reckedracing · 09-29-2008, 01:06 PM

anyone else see this as an easy excuse to consolidate all the banks without having to worry about anti-trust regulations?

Slammed89Integra · 09-29-2008, 01:12 PM

Quote:

Originally Posted by reckedracing

anyone else see this as an easy excuse to consolidate all the banks without having to worry about anti-trust regulations?

We had a big discussion of this in my strategic analysis management class the other day. It'll be interesting to see how this plays out.

B · 09-29-2008, 02:38 PM

gov't created the anti-trust laws....

it's not like many of these are combining... they are failing.

2 companies at 30% is still less than 1 company at 100%

K2e2vin · 09-30-2008, 04:03 AM

I'm surprised Wachovia is losing money with all the customers they dick over/steal money from.

cjvictoria · 09-30-2008, 05:07 AM

The government makes and writes the laws, therefore knowing where all the loop holes are at.

Which means they can get away with all the stuff that anyone without any legal know-how would be criticised or even put in jail or prison for.

They also sometimes literally get away with murder.

The CIA does the shit all the time, all on our tax money.

That was kind of off topic but it's been on my mind and i had to get it out there.

Drake · 09-30-2008, 03:45 PM

Quote:

Originally Posted by cjvictoria

The government makes and writes the laws, therefore knowing where all the loop holes are at.

Which means they can get away with all the stuff that anyone without any legal know-how would be criticised or even put in jail or prison for.

They also sometimes literally get away with murder.

The CIA does the shit all the time, all on our tax money.

That was kind of off topic but it's been on my mind and i had to get it out there.

We have not assisnated anyone in quit a while. They actually took that power away for quit a long time.

A friend of mine has her 401k in Wachovia as well as the other employees and her boss proceded to tell her and all of her co-workers that their 401k is now gone and they where not getting any of their money back...... I told her that she needs to seek other employment if her boss was that big of an idiot.

TurboMirage · 09-30-2008, 03:47 PM

i wonder just how much of an idiot he is...

**ccsgsr1** · 09-30-2008, 09:28 PM

WOW !!! Thats crazy to think you work x amounnt of years to get fucked! People gonna start offing themselves if this gets any worse!

B · 09-30-2008, 11:47 PM

I don't understand people who leave their 401k with their company and let them make choices on their money. Manage your own money in your own account through your own broker/trade firm like fidelity, chuck schwab, etc.

once again, stupid people lose.

nootrac22 · 10-01-2008, 12:53 PM

most company 401k let you make choices as to where you allocate your money. Mine does, but right now the market as a whole is taking a beating, so you're bound to lose in the short term. If your that close to retirement and haven't moved your money out of the stock market, then you're just plain stupid.

B · 10-01-2008, 04:42 PM

there's plenty of money to be made right now, even in this shit storm.

i made $290 today.
$360 yesterday

just gotta know what you're doing.
and no, don't ask me. i don't know what i'm doing.
but i hear http://savingstalk.com does

Slammed89Integra · 10-01-2008, 05:20 PM

word. Tons of money to be made. Great time to buy at all time lows.

09-28-2008, 10:18 PM	#4
Slammed89Integra Senior Member Join Date: Oct 2002 Location: Washington Age: 22 Posts: 7,711 iTrader: 0 / 0% Ride: 2007 Scion TC, 2005 Suzuki GSX-R 600 Rep Power: 155	wachovia and morgan stanley are trying to merge. WAMU was bought out by the govn't and resold to jpmorgan. Big news for us. My dad manages his company using wamu for a payroll and purchasing system. He has a little under 100k in the bank so he's fine but shit might hit the fan if there is a suspension on funds for a while.\ EDIT: Citigroup is buying wachovia __________________ When this is all over I think we should get an apartment together. Last edited by Slammed89Integra; 09-29-2008 at 01:09 PM.

09-30-2008, 04:03 AM	#8
K2e2vin Senior Member Join Date: Jan 2003 Location: Raleigh, NC Age: 22 Posts: 6,313 iTrader: 2 / 100% Ride: 88 Honda Civic HB Rep Power: 150	I'm surprised Wachovia is losing money with all the customers they dick over/steal money from. __________________ 1988 Honda Civic Standard-more mods than I want to list 1992 Honda Accord LX 1996 Toyota Avalon-Spun bearing, for sale. Terrorists have successfully attacked our imagination. RIP Jon Eban Nie, August 31, 1991 - May 7, 2006 Y-Daniel Siu Eban, September 7, 1986 - May 7, 2006

09-30-2008, 05:07 AM	#9
cjvictoria Neon Owner Join Date: Sep 2008 Location: JAX, FL Age: 20 Posts: 2,098 iTrader: 0 / 0% Ride: '04 NEON Rep Power: 89	The government makes and writes the laws, therefore knowing where all the loop holes are at. Which means they can get away with all the stuff that anyone without any legal know-how would be criticised or even put in jail or prison for. They also sometimes literally get away with murder. The CIA does the shit all the time, all on our tax money. That was kind of off topic but it's been on my mind and i had to get it out there. __________________ *XBOX LIVE* - jdmJO3 >>>Click ME<<< I have D16Y7 injectors and fuel rail fo sale. pm me if interested**.

09-30-2008, 03:47 PM	#11
TurboMirage Running on two cylinders Join Date: May 2003 Location: Southbridge, MA Age: 25 Posts: 18,048 iTrader: 1 / 100% Ride: 2000 Mitsubishi Lancer RPW E5 Coupe Rep Power: 334	i wonder just how much of an idiot he is... __________________ Home of the RPW built 2000 Lancer CC Coupe. See what is done to the little Evo5. "If you don't like what I've done with my car, I will gladly refund all the money you put into it."

10-01-2008, 05:20 PM	#16
Slammed89Integra Senior Member Join Date: Oct 2002 Location: Washington Age: 22 Posts: 7,711 iTrader: 0 / 0% Ride: 2007 Scion TC, 2005 Suzuki GSX-R 600 Rep Power: 155	word. Tons of money to be made. Great time to buy at all time lows. __________________ When this is all over I think we should get an apartment together.


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09-28-2008, 08:28 PM	#2
B Administrator Join Date: Nov 2007 Location: across the way Age: 29 Posts: 7,844 iTrader: 0 / 0% Ride: 318ti, dakota, genesis 2.0t Rep Power: 345	welcome to last week. lol wamu, wachovia... and there's a couple others that are pretty damn rocky.

09-29-2008, 01:06 PM	#5
reckedracing TTIWWOP Join Date: Dec 2002 Location: 845 Area, NY Age: 29 Posts: 15,353 iTrader: 0 / 0% Ride: 90 z6-t hatch, 94 Bagged S10, 91 Lifted Mazda Rep Power: 382	anyone else see this as an easy excuse to consolidate all the banks without having to worry about anti-trust regulations?

09-29-2008, 02:38 PM	#7
B Administrator Join Date: Nov 2007 Location: across the way Age: 29 Posts: 7,844 iTrader: 0 / 0% Ride: 318ti, dakota, genesis 2.0t Rep Power: 345	gov't created the anti-trust laws.... it's not like many of these are combining... they are failing. 2 companies at 30% is still less than 1 company at 100%

09-30-2008, 09:28 PM	#12
ccsgsr1 Banned Join Date: Jul 2008 Location: POCONOS Age: 29 Posts: 58 iTrader: 0 / 0% Ride: CRX SI Rep Power: 0	WOW !!! Thats crazy to think you work x amounnt of years to get fucked! People gonna start offing themselves if this gets any worse!

09-30-2008, 11:47 PM	#13
B Administrator Join Date: Nov 2007 Location: across the way Age: 29 Posts: 7,844 iTrader: 0 / 0% Ride: 318ti, dakota, genesis 2.0t Rep Power: 345	I don't understand people who leave their 401k with their company and let them make choices on their money. Manage your own money in your own account through your own broker/trade firm like fidelity, chuck schwab, etc. once again, stupid people lose.

10-01-2008, 12:53 PM	#14
nootrac22 Senior Member Join Date: Mar 2007 Location: PA pocono mts Age: 33 Posts: 3,993 iTrader: 1 / 100% Ride: daily driver working on 92 prelude 4ws Blog Entries: 1 Rep Power: 215	most company 401k let you make choices as to where you allocate your money. Mine does, but right now the market as a whole is taking a beating, so you're bound to lose in the short term. If your that close to retirement and haven't moved your money out of the stock market, then you're just plain stupid.

10-01-2008, 04:42 PM	#15
B Administrator Join Date: Nov 2007 Location: across the way Age: 29 Posts: 7,844 iTrader: 0 / 0% Ride: 318ti, dakota, genesis 2.0t Rep Power: 345	there's plenty of money to be made right now, even in this shit storm. i made $290 today. $360 yesterday just gotta know what you're doing. and no, don't ask me. i don't know what i'm doing. but i hear http://savingstalk.com does

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Wachovia is about to get taken over