Wachovia Will be the next Bank to Go DOWN

CFA General
#1

discuss…

#2

been going around all week…looking into it

#3

Yes - WB is another dead man walking.

#4

I don’t think so but anything can happen…They have been reasonably transparent about their assets and I think they will weather the storm…

#5

preetchawla Wrote: ------------------------------------------------------- > I don’t think so but anything can happen…They > have been reasonably transparent about their > assets and I think they will weather the storm… ha hah. fuld was transparent in april and said “we will ride it out” and “we need no more capital” and errrrr, last time I checked I was using LEH certs for wall paper.

#6

If the bailout is passed they will be all right…if not they will be toast

#7

“If the bailout is passed they will be all right…if not they will be toast” you’re misinformed.

#8

Brb, withdrawing my monies.

#9

steveOW Wrote: ------------------------------------------------------- > Brb, withdrawing my monies. Why?.. It’s FDIC insured. I don’t understand people who do this.

#10

Dwight Wrote: ------------------------------------------------------- > steveOW Wrote: > -------------------------------------------------- > ----- > > Brb, withdrawing my monies. > > > Why?.. It’s FDIC insured. I don’t understand > people who do this. run on the bank, it is guys like this that take the stock down, not the hedgies

#11

I got more than 100 stacks in there brah.

#12

I, uh, actually removed money from there too. I don’t feel the least bit responsible for their demise. I don’t even trust FDIC. Why not put your no-risk money in a place where there seems to be no risk? Why would anybody keep their money at Wachovia?

#13

JoeyDVivre Wrote: ------------------------------------------------------- > I, uh, actually removed money from there too. I > don’t feel the least bit responsible for their > demise. I don’t even trust FDIC. Why not put > your no-risk money in a place where there seems to > be no risk? Why would anybody keep their money at > Wachovia? x2, Mah boy JDV is on point today.

#14

I don’t see why you wouldn’t. To my knowledge, most banks are FDIC insured. If you can move it now, why not? Why go through the trouble? As JoeyDVivre pointed out, I don’t see why I should suffer even an iota amount.

#15

… you know if you have theft coverage you’re covered in your car gets jacked… but you still don’t leave it unlocked w/ the keys in the ignition in the ghetto do you?? not completely right but I’m sure its still a hassle to recoup your $$ if it came to that. Remember indymac??

#16

ok so whats the safe alternative? mattress. I am with BOA and Schwab bank. should i take it all out now?

#17

daj224 Wrote: ------------------------------------------------------- > been going around all week…looking into it Been going around the school cafeteria all week?

#18

put some pants on, Nakedputs!

#19

needhelp Wrote: ------------------------------------------------------- > ok so whats the safe alternative? mattress. I am > with BOA and Schwab bank. should i take it all out > now? gold and silver brah.

#20

I don’t have any money in WB, but I find talk on a finance board supporting bank runs to be disturbing.