Golden West deal doomed Wachovia in crisis

The Charlotte Observer, Charlotte, NC ^ | 2008-12-22 | Rick Rothacker

[ThanhPhero]

I can’t imagine having my money in a bank named (by sound) Walkovia, or the Big Brotherish Watchovia.

[detective]

“Freepers, was Golden West Financial the company whose founders were lampooned on SNL about a month ago?”

Yes. They were identified in the skit as people who should be shot.

[detective]

“Herb and Marion Sandler’s involvement in Golden West/Wachovia cannot be told enough. They are responsible.”

They are truly despicable people and the MSM has covered up for them. The link below helps tell the true story.

http://www.americanthinker.com/2008/09/how_allies_of_george_soros_hel.html

[personalaccts]

The stupid media will never tell you that the owners of Golden West were big liberls that screwed the little man..
http://www.campaignmoney.com/political/contributions/herbert-sandler.asp?cycle=08

It’s not evil Republicans.

[Army Air Corps]

Good find. Sandler of Golden West was a big Odumbo supporter and financier. Herb Sandler financially supported ACORN while sending money to two PACs that supported Barry Odumbo.

[Army Air Corps]

Yes. I downloaded a copy of the skit before the Sandler’s were scrubbed from NBC’s online version.

[Army Air Corps]

Yes. I downloaded a copy of the skit before the Sandler’s were scrubbed from NBC’s online version.

[Army Air Corps]

Here are some good articles.

This one from the 24 December 2008 edition of the New York Times. And this from the 30 June 2008 edition of Businessweek.

[rb22982]

WFC has a ton of HELOC loans (which get basically nothing now on a default since property prices have gone down so much)—they weren’t as conservative as you think.

[HereInTheHeartland]

“WFC has a ton of HELOC loans “

Every lender has a ton of those....

[rb22982]

Not every lender has HELOCs primarily from CAL & Las Vegas. And I should note there are very few “financially sound” lenders left.

[RegulatorCountry]

I think the people in charge should go to freaking jail.

If this thing continues to unravel as it has, they'll need to be taken into protective custody. The "let them eat cake" mentality of spending millions in bailout money on bonuses and lavish parties alone should make them all pariahs.

[piasa]

Billionaires Secretly Met in Aspen to Defeat Bush NewsMax.com ^ | 19 October 2004 | Carl Limbacher and NewsMax.com Staff Posted on ‎10‎/‎19‎/‎2004‎ ‎5‎:‎07‎:‎29‎ ‎PM by jstolarczyk Tuesday, Oct. 19, 2004 1:09 p.m. EDT Billionaires Secretly Met in Aspen to Defeat Bush In the days following the Democratic National Convention in Boston this past August, several billionaire Democratic activists secretly met at the famed Aspen Institute in Colorado. The purpose of their clandestine meeting was "to use their fortunes to engineer the defeat of President George W. Bush," ...Another billionaire who attended was John Sperling, founder of the online University of Phoenix. Also present were Herb and Marion Sandler from California. The couple founded Golden West Financial Corporation, a California bank reportedly worth $17 billion. (Excerpt) Read more at newsmax.com ...