Four months later in May 2006, Thompson took a $24 billion plunge into the mortgage business by buying Oakland, Calif.-based Golden West Financial. Its specialty? The same loans he had cautioned against: option ARMs.
Better than me. I was banking with Citifail until the whole thing blew up this fall, and now that they sold my credit card to Bank of America, I'm leaving them for good.
“I’m actually relieved they’re being taken over by Wells Fargo rather than Citi. “
So am I. Working for a bank who chose to be conservative when conservative wasn’t cool, is now a good thing.
I can’t imagine having my money in a bank named (by sound) Walkovia, or the Big Brotherish Watchovia.