Wachovia Buyout: What It Means for Customers and Investors

I Just Pray To God That Wachovia Does Not Get Bought By Wells Fargo!!!!!

It's bad enought that Wall Street was ravaged by crooks. Now if Wachovia get bought out by Wells Fargo. Just imagine how big a crook Wells Fargo is and using Wachovia to get additional business to serve and pay for the customer funded Wells Fargo Mortage and Bank. Sure they'll be stable all right but remember you'll pay for it.

O. Alma of CO @ Oct 08, 2008 02:42:01 AM

bailout

Let the CEO's making over 100 million bail thing out

of @ Oct 02, 2008 17:24:48 PM

Stay out of it!!!!

The government has no place bailing out these banks, if it were me or you they wouldnt care less. They need to still back and let them fall on their faces and let the market correct itself!!!!!!

of NC @ Sep 30, 2008 18:29:40 PM

Bush's support for the bailout

I think I could have bought into the bailout if Bush had not been for it. You can no longer trust him, so it's a negative when he assures us one more time that the sky is falling.

Fran in Key West of FL @ Sep 30, 2008 18:12:00 PM

Wachovia employees in Charlotte losing jobs!

What about all the innocent people in Charlotte NC that will b e losing their jobs! FDIC! What will happen to those people? What about their retirement money status !

Patty Burcham of VA @ Sep 30, 2008 13:57:42 PM

FDR's bank holdiday

You idiot, WWII pulled us out of the depression, not a freakin bank holdiday. Maybe you should go back and read the history books - or ask Biden if you can watch the FDR television spots, I'm sure they're on DVD.

Rich P. of FL @ Sep 30, 2008 13:33:39 PM

Calm down

If you bought Wachovia stock at its height of $60+ per share, then you are obviously stunned by this.

Panic is your worst enemy.

And never forget that until you SELL your stock you haven't lost any real money. The losses at this point are PAPER LOSSES. Paper losses play to our egos and make us panic. No one wants to look like a loser or like they were too dumb to see this coming.

How could anyone have seen it?

Just give it time. People, don't panic. You can plan a course of action if 1, 2, or 3 things happen. But PLAN.

humbird59 of VA @ Sep 30, 2008 13:26:52 PM

FU Bank

"Wachovia got exactyly what it deserved.

previous CEO Ken Thompson lead them to

self destruction. First Union should have

never bought WACHOVIA. Bigger isn't always

better!"

If you blame anyone, blame First Union and it's executives. First Union (aka "FU Bank" because of their attitude toward regular depositors) bought a much better institution - Wachovia - and kept the name because "FU Bank" said it all. FU Bank took a fine institution and drove it into the ground.

TwoEvils of PA @ Sep 30, 2008 12:59:01 PM