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kane	09-26-2008 04:44 PM

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.

Eriic

09-26-2008 05:07 PM

Quote:

Originally Posted by kane (Post 14813466)

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:error

xmas13

09-26-2008 08:00 PM

Quote:

Originally Posted by Eriic (Post 14813544)

A new way of Banking has to be in place such as not loaning money to those who can't afford homes and cars:error

So Western European, Chinese, Japanese bankers should not loan the USA any more money?

marketsmart

09-26-2008 08:14 PM

Quote:

Originally Posted by xmas13 (Post 14814106)

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... :2 cents:

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