For some reason, the quick rule I posted (again: not taking credit for it) has been how I've remembered it. I too knew the rules.

True, but presumably, your condo in West LA will fetch a fair price. Without significantly switching neighborhoods, I was thinking that the condo would be a minimum of 50-60% down on an upgrade to an SFR.

Citigroup (Citibank - THE largest bank in the nation) has bought Wachovia.

Off to work I go (to find out the details of our next merger).

I heard that this morning as I was on my way out for my 2 minute commute however, having some SERIOUS issues with Wachovia, I have mixed feelings. I didn't hear, what is Citi paying? Frankly, I think Chase got the deal of the century last week.

I hate Chase. Love Citi. My student loans were with Wachovia but they were paid off 2 weeks ago. Kinda bummed now, I heard that the bailout was going to provide something for student loans. Oh well, $30k off my debt plate.

And in other news, I bought a chili dog at the LA County Fair. Although I didn't get it for pennies on the dollar.

"Wa-Moo" is a lot more fun to say than JPMorgan Chase.

According to MSNBC, the House is rejecting the bailout bill, and the Dow has dropped more than 400. What a fvcking mess.

CNN is reporting the Dow is down 600 points. Here we go- wheeee!

Sigh, partisan politics reigns supreme.

Democrats don't want to vote for it without Republican support so that if it fails they can point across the aisle. Republicans know this and are happy to let it stagnate and point at the Dems for not using their majority to pass it.

Though I still think the agreement is too hasty I'm not horribly upset that it's going to go through another round of review.

CNN is reporting 600 points down, but not reporting yet the bailout is scotched.

You are so right WB, an effing mess. Brother, can you spare a dime?