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WAMU today Wachovia next. WAMU today Wachovia next.
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Old 09-26-2008, 04:44 PM   #1
kane
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WAMU today Wachovia next.
I just read that Wachovia stock went down 27% today as talks started that other banks were considering buying it.

http://www.reuters.com/article/topNe...Name=topNew s

The domino effect is starting.
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Old 09-26-2008, 05:07 PM   #2
Eriic
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Originally Posted by kane View Post
I just read that Wachovia stock went down 27% today as talks started that other banks were considering buying it.

http://www.reuters.com/article/topNe...Name=topNew s

The domino effect is starting.
If banks can't make money and end up carrying shit loads of debt of course their stock ain't worth Dick..............A new way of Banking has to be in place such as not loaning money to those who can't afford homes and cars
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Old 09-26-2008, 08:00 PM   #3
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Originally Posted by Eriic View Post
A new way of Banking has to be in place such as not loaning money to those who can't afford homes and cars
So Western European, Chinese, Japanese bankers should not loan the USA any more money?
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Old 09-26-2008, 08:14 PM   #4
marketsmart
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Originally Posted by xmas13 View Post
So Western European, Chinese, Japanese bankers should not loan the USA any more money?
no, they shouldnt.... the US needs to spend within their means just like they tell americans to...
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