Bye Bye Banks and Wall Street - Page 27

JWBear · 10-02-2008, 03:08 PM

John and Jane Public see the bailout as rewarding the people who got us in this mess, and they're not happy. There will be political fallout for passing this bill. Fortunately, it looks like it will be directed at both Republicans and Democrats equally.

Ghoulish Delight · 10-02-2008, 03:22 PM

Quote:

Originally Posted by JWBear

John and Jane Public see the bailout as rewarding the people who got us in this mess, and they're not happy. There will be political fallout for passing this bill. Fortunately, it looks like it will be directed at both Republicans and Democrats equally.

That's what Alex was saying. It's unpopular, which normally means congress would avoid it like the plague. And yet they still were determined to find a way to vote for it. So for once they seem to be voting because they think something should be passed for its merits, not for political gain. At least that's one read.

BarTopDancer · 10-02-2008, 03:24 PM

What's the latest bailout?

I heard that one of the mortgage caveats would be that if you receive assistance with you mortgage to keep your house, and you sell at a profit you have to pay back the assistance you received.

innerSpaceman · 10-02-2008, 03:45 PM

But if you are an American Samoan bicyclist with such a mental health problem that you race againt cars at NASCAR tracks, you are home free with no income taxes forever!!

Disneyphile · 10-02-2008, 04:43 PM

Quote:

Originally Posted by BarTopDancer

I heard that one of the mortgage caveats would be that if you receive assistance with you mortgage to keep your house, and you sell at a profit you have to pay back the assistance you received.

I see that as totally fair. I'd support that bailout.

BarTopDancer · 10-02-2008, 09:28 PM

Quote:

Originally Posted by Disneyphile

I see that as totally fair. I'd support that bailout.

Ya. I think I suggested that earlier.

Alex · 10-03-2008, 07:03 AM

Whoa, whiplash for Wachovia.

And, more selfishly, this throws a kink in my options. Here in the Bay Area if I lose my job, Wells provides the most likely in-industry lateral move, but I suspect that they'll now be pretty tight on hiring for at least a year while working out the merger kinks.

Isaac · 10-03-2008, 07:12 AM

Apparently I now work for Wells Fargo.

Citi was only planning to acquire the banking divisions of Wachovia.
Wells Fargo, however, wants the whole corp. !

It's gonna be a fun Friday!

Alex · 10-03-2008, 07:16 AM

Well, if it makes you feel better the musuem in the lobby of the corporate headquarters building in San Francisco where I used to work (the building not the museum) isn't bad. Small, but not bad.

Also, the least ostentatious corporate headquarters for a national bank in the world.

Isaac · 10-03-2008, 08:35 AM

The thing that irks me is not knowing for certain how this will work out.

Wachovia already signed contract w/ Citi, so I'm sure there'll be some kind of objection from them.

edit: I spoke too soon - http://news.yahoo.com/s/ap/20081003/...fargo_wachovia

Well, at least it's good to know that my company is quite popular these days.

10-02-2008, 03:08 PM	#261
JWBear Worn Romantic Join Date: Feb 2006 Location: Long Beach California Posts: 8,435	John and Jane Public see the bailout as rewarding the people who got us in this mess, and they're not happy. There will be political fallout for passing this bill. Fortunately, it looks like it will be directed at both Republicans and Democrats equally. __________________ Unrestrained frivolity will lead to the downfall of modern society.
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10-02-2008, 03:24 PM	#263
BarTopDancer Prepping... Join Date: Jan 2005 Location: Here, there, everywhere Posts: 11,405	What's the latest bailout? I heard that one of the mortgage caveats would be that if you receive assistance with you mortgage to keep your house, and you sell at a profit you have to pay back the assistance you received. __________________ Spork is the new MacGyver Postcards From My Edge
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10-02-2008, 03:45 PM	#264
innerSpaceman Kink of Swank Join Date: Jan 2005 Location: Inner Space Posts: 13,075	But if you are an American Samoan bicyclist with such a mental health problem that you race againt cars at NASCAR tracks, you are home free with no income taxes forever!!
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10-03-2008, 07:03 AM	#267
Alex . Join Date: Feb 2005 Posts: 13,354	Whoa, whiplash for Wachovia. And, more selfishly, this throws a kink in my options. Here in the Bay Area if I lose my job, Wells provides the most likely in-industry lateral move, but I suspect that they'll now be pretty tight on hiring for at least a year while working out the merger kinks.
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10-03-2008, 07:12 AM	#268
Isaac the one n only Join Date: Jan 2005 Location: Anaheim Posts: 1,236	Apparently I now work for Wells Fargo. Citi was only planning to acquire the banking divisions of Wachovia. Wells Fargo, however, wants the whole corp. ! It's gonna be a fun Friday! __________________
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10-03-2008, 07:16 AM	#269
Alex . Join Date: Feb 2005 Posts: 13,354	Well, if it makes you feel better the musuem in the lobby of the corporate headquarters building in San Francisco where I used to work (the building not the museum) isn't bad. Small, but not bad. Also, the least ostentatious corporate headquarters for a national bank in the world.
	Submit to Quotes

10-03-2008, 08:35 AM	#270
Isaac the one n only Join Date: Jan 2005 Location: Anaheim Posts: 1,236	The thing that irks me is not knowing for certain how this will work out. Wachovia already signed contract w/ Citi, so I'm sure there'll be some kind of objection from them. edit: I spoke too soon - http://news.yahoo.com/s/ap/20081003/...fargo_wachovia Well, at least it's good to know that my company is quite popular these days. __________________
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