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To: Libloather

Wachovia was a good bank. It all went sideways when they merged with First Union a sh%%hole of a bank and bank culture.


20 posted on 09/02/2010 3:26:56 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Jimmy Valentine
The purchace of Golden West and their sub-prime mortgage business is what doomed WB. WB showed up late to the show, wanting to get in on the action that all the other banks were profitting off of, and the deal went down right as the subprime bubble was bursting.

If they want to have a witchhunt, how about they go after Barney Frank?

This is a shallow attempt to punish a private business for taking risk, and refusing government handouts in the form of TARP money... It really pissed off alot of people in the government when WB shareholders accepted WFC's offer and hung Citi out to dry (which Citi then needed to be bailed out by TARP to the tune of 45 BILLION).

21 posted on 09/02/2010 6:39:39 AM PDT by Rodamala
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To: Jimmy Valentine

And Golden West.


23 posted on 09/02/2010 8:18:58 AM PDT by RockinRight (Was it over when the Germans bombed Pearl Harbor?)
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