Bye Bye Banks and Wall Street - Page 27

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.

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!!

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.

Alex · 10-03-2008, 09:07 AM

Yeah, I know that part (the untertainty). With the WaMu-Chase deal, it happened, literally, in a couple hours. All the month of prep that generally go into beginning a merger didn't happen.

So we're all essentially stuck sitting on our hands to 30-60 days while that necessary process of reviews and evaluations happens.

BDBopper · 10-03-2008, 10:59 AM

This whole mess makes me thankful I am not a politician in Congress. I'd be sweating like a pig and suffering from a lack of sleep.

Picture the financial situation like a dam. A piece of it has broken off due to years of apathy. Now there is water gushing through the hole. Unfortunately the people who should be rebuilding the dam don't have enough time to do it before they are replaced and a new team of people come in to handle the problem. The good news is there is a plug available (ie the bailout) to keep the dam from breaking. Unfortunately it is made from material that might cause the dam to break eventually. So do you use the plug or do you hope and pray that the dam doesn't break over the next two months during the transition?

If we are going to have to plug the hole we should demand solutions so the dam can be rebuilt as the first priority of the next Congress. Unfortunately I don't have too much faith in the upcoming administration.

One more analogy before I finish - We as citizens are desperately looking for a spoonful of sugar to make this medicine go down...but the sugar bowl is empty and there is none to be found. Ugh.

Ghoulish Delight · 10-03-2008, 11:09 AM

Unfvcking believable

http://www.youtube.com/watch?v=-i0su1roQLI

"They can't help themselves"?!?!? Who are "they" John? That'd be YOU, John.

10-02-2008, 03:45 PM	#3
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	#4
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.
	Submit to Quotes

10-03-2008, 07:12 AM	#5
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! __________________
	Submit to Quotes

10-03-2008, 07:16 AM	#6
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	#7
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. __________________
	Submit to Quotes

10-03-2008, 09:07 AM	#8
Alex . Join Date: Feb 2005 Posts: 13,354	Yeah, I know that part (the untertainty). With the WaMu-Chase deal, it happened, literally, in a couple hours. All the month of prep that generally go into beginning a merger didn't happen. So we're all essentially stuck sitting on our hands to 30-60 days while that necessary process of reviews and evaluations happens.
	Submit to Quotes

10-03-2008, 10:59 AM	#9
BDBopper Not Taking Any Crap! Join Date: Apr 2007 Location: Cleaning Up America, One Step At A Time! Posts: 1,694	This whole mess makes me thankful I am not a politician in Congress. I'd be sweating like a pig and suffering from a lack of sleep. Picture the financial situation like a dam. A piece of it has broken off due to years of apathy. Now there is water gushing through the hole. Unfortunately the people who should be rebuilding the dam don't have enough time to do it before they are replaced and a new team of people come in to handle the problem. The good news is there is a plug available (ie the bailout) to keep the dam from breaking. Unfortunately it is made from material that might cause the dam to break eventually. So do you use the plug or do you hope and pray that the dam doesn't break over the next two months during the transition? If we are going to have to plug the hole we should demand solutions so the dam can be rebuilt as the first priority of the next Congress. Unfortunately I don't have too much faith in the upcoming administration. One more analogy before I finish - We as citizens are desperately looking for a spoonful of sugar to make this medicine go down...but the sugar bowl is empty and there is none to be found. Ugh.
	Submit to Quotes

10-03-2008, 11:09 AM	#10
Ghoulish Delight I Floop the Pig Join Date: Jan 2005 Location: Alternative Swankstyle Posts: 19,348	Unfvcking believable http://www.youtube.com/watch?v=-i0su1roQLI "They can't help themselves"?!?!? Who are "they" John? That'd be YOU, John. __________________ 'He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.' -TJ
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