watch what I tell you

9/26/2008 7:16:36 PM

i'm about to tell my mom to take her money out of mid carolina bank...there are only 3 of them and they are in alamance co and i can see them going belly up...

9/26/2008 7:17:27 PM

God I hope not. I hope it's nothing more than talks. This is BAD for charlotte.

9/26/2008 7:17:58 PM

http://apnews.myway.com/article/20080926/D93EJMT80.html

Quote :

"Still, shares of the Charlotte, N.C.-based bank plunged Friday as investors, the day after WaMu's failure, shifted their focus to other financial institutions that also suffer under the weight of mounting losses tied to toxic assets. Shares plummeted $4.90, or 35.8 percent, to $8.80 in afternoon trading. Shares are down 64 percent this year."

They're talking about a merger with Citi right now

[Edited on September 26, 2008 at 7:20 PM. Reason : .]

9/26/2008 7:19:15 PM

does anyone on tww have more than 100k in wachovia? cause i thought everything from 100k and lower was insured or something by the FDIC

9/26/2008 7:20:20 PM

Glad I bank with BB&T and NCSECU then.

9/26/2008 7:20:50 PM

My company has corporate accounts with Wachovia.....



shit.

9/26/2008 7:21:56 PM

Drunkn, nobody is going to answer that.

Wachovia is the largest employer in charlotte. It going under/away would be devastating to the local economy.

9/26/2008 7:23:33 PM

9/26/2008 7:24:04 PM

Chill, your money will be fine (may not be making interest anymore, but it'll all be there). Its the damn shares you should worry about if your holding.

9/26/2008 7:24:27 PM

if they merge with citi will they stay in charlotte?

arcgreek made me

9/26/2008 7:24:32 PM

^^

9/26/2008 7:24:42 PM

Quote :

"i'm about to tell my mom to take her money out of mid carolina bank...there are only 3 of them and they are in alamance co and i can see them going belly up..."

Wachovia is FDIC ensured, her money's not going anywhere

9/26/2008 7:26:27 PM

manox, I'm not worried about the literal moneys, I'm worried about the economic impact, locally. This will effect many, many more than just the bank and it's employees.

9/26/2008 7:28:23 PM

^^mid carolina bank !=wachovia

9/26/2008 7:29:51 PM

the whole country is going down so what does local economy matter? just switch all that shit to euros while you still can

9/26/2008 7:34:51 PM

If our country's economy goes down, so will the world's.

9/26/2008 7:40:55 PM

DEY BEDDA NOT!

9/26/2008 7:48:45 PM

for a small amount of time

then either brazil or china will take over as the stronghold

9/26/2008 7:49:28 PM

That's assuming china is strong enough w/out a large quantity of exports to the US, or the other economies heavily tied to ours.

Brazil? I dunno?

9/26/2008 7:52:16 PM

current WAY2SAVE acct balance: $316.18

YEEAAAAHHHHHHH

9/26/2008 7:53:21 PM

I wouldn't brag about that.

9/26/2008 7:55:20 PM

something tells me he she wasn't

[Edited on September 26, 2008 at 7:58 PM. Reason : oops]

9/26/2008 7:55:57 PM

lol buxombetty is a chick

9/26/2008 7:56:49 PM

the whole world doesn't depend on us lol. China does but they can eventually replace us. Sure our economies collapse would hurt the global economy but it would recover quickly as any voids left by us would be filled.

[Edited on September 26, 2008 at 8:18 PM. Reason : europe certainly doesn't rely onus]

9/26/2008 8:18:18 PM

right now im loving the high interest... but come next year... its gonna be like 0.000000001%

9/26/2008 8:31:48 PM

LOL you don't think the financial markets are heavily tied? Who do you think is covering our national debt? Maybe the individual industries aren't tied directly, but they are indirectly, whether it be supply, demand, or both.

9/26/2008 8:53:51 PM

Quote :

"the whole world doesn't depend on us lol."

you're a fool. if the american financial system fails, who does china sell to? who does india sell to? their money becomes immediately devalued because they don't have anywhere to spend it.

9/26/2008 10:14:12 PM

yea, we are the CONSUMERS, asia is the PRODUCERS

9/26/2008 10:33:05 PM

no they are not

9/26/2008 10:45:30 PM

9/27/2008 12:10:53 AM

Citigroup to acquire Wachovia

http://www.wral.com/business/story/3631919/

kiljadn called it

9/29/2008 8:41:42 AM

all these folks who are like "oh, it's FDIC insured. i'm not worried." have no clue how long it takes for that shit to go through. they make the process take way too long. meanwhile you're stuck w/o any cash.

9/29/2008 8:45:43 AM

IS BUH BUH TEH GOING DOWN?

(BB&T)

9/29/2008 8:49:23 AM

bb&t's stock has been going up lately

they stayed out of all the bullshit that got these other banks in trouble

9/29/2008 8:51:40 AM

GOD FUCKING DAMMIT. I HATE BUH BUH TEH.

9/29/2008 8:52:50 AM

why?

9/29/2008 8:53:13 AM

yay state and federal credit unions

9/29/2008 8:55:47 AM

they're selling.... fyi

i heard it from an employee yesterday....
bye bye chovia...

thank god i gots b of a

9/29/2008 9:00:18 AM

hmm, maybe i should have put my money in BB&T

(Big Boobs & Titties)

9/29/2008 9:02:35 AM

I think i'm going to get an SECU account and move all my cash money there.

I'm not worried about losing my money, i just don't like dealing with all of this uncertainty and being a customer of a mismanaged company.

how long till Citi runs into trouble?

9/29/2008 9:10:10 AM

yeah i feel ^. for most of us, our money is fine. we'll get a citi banking card and have our accounts transfered over. it won't be that bad. no different than when wachovia and first citizens merged.

9/29/2008 9:12:58 AM

citi will probably just dissolve the parts that suck and keep the wachovia name for the profitable parts.

which means im not going to even bother moving my business checking account from them.

9/29/2008 9:13:36 AM

the majority of my money is in BoA, with my mortgage being held by NC SECU

i think my wachovia checking/savings has a total of $600

i'm really not worried about it

Quote :

"I think i'm going to get an SECU account and move all my cash money there. I'm not worried about losing my money, i just don't like dealing with all of this uncertainty and being a customer of a mismanaged company."

it's thoughts and actions like these that exacerbate the situation...i'm not saying i blame you, but it's no better than running to fill up your tank when it's only down by a quarter when the rumors of a gas shortage start flying

9/29/2008 9:16:39 AM

Quote :

"i'm about to tell my mom to take her money out of mid carolina bank...there are only 3 of them and they are in alamance co and i can see them going belly up..."

shit like this is causing more problems

9/29/2008 9:18:24 AM

9/29/2008 9:19:56 AM

^, ^^^ said down by a quarter.

I wouldn't pull any money i have out of banks, its just silly to do so this day and age. I just find it interesting that we have so many fewer banks now than we did six months ago.

9/29/2008 9:22:05 AM

Quote :

"I think i'm going to get an SECU account and move all my cash money there. I'm not worried about losing my money, i just don't like dealing with all of this uncertainty and being a customer of a mismanaged company. how long till Citi runs into trouble?"

me too. which sucks. i've been with wachovia since i was 16. we already have ncsecu accounts, but their online banking SUCKS, maybe i'll try bb&t

[Edited on September 29, 2008 at 9:31 AM. Reason : ^ i'm also worried about the consolidation of banks. not good for consumers]

9/29/2008 9:31:18 AM

BAI BAI

9/29/2008 9:32:55 AM

i don't like bbt online banking. bac has the tits when it comes to online banking and wachovia is next in line, for as far as i can tell. i'd stick with your wachovia one, nothing much will change.

9/29/2008 9:38:15 AM