House Rejects Bailout Bill

Discussion in 'The Watercooler' started by gcvmom, Sep 29, 2008.

  1. gcvmom

    gcvmom Here we go again!

    It's raining and thundering here... how appropriate for this morning's headlines and the Dow dropping 500pts on the news. :(

    I know things are volatile during election years, but this is ridiculous. Better hold on, folks. It's going to be a wild ride!
  2. flutterbee

    flutterbee Guest

  3. DammitJanet

    DammitJanet Well-Known Member Staff Member

    Ok....what happened between Wachovia and Citibank?
  4. Lothlorien

    Lothlorien Active Member Staff Member

    I think Wachovia was going under and Citibank bought them and absorbed their loans.

    Banks overseas are going under, too. It's scary.

    Just a gentle reminder to stay away from the political side of things on these threads. Thanks!
  5. DammitJanet

    DammitJanet Well-Known Member Staff Member

    I was just wondering about Wachovia because that is where my Dads accounts are...sigh.
  6. Genny

    Genny Worlds Best Nana

    Wachovia didn't "go under" they were bought out. Everyone's money is safe (and FDIC insured). The branches will be business as usual - the deal won't be finalized for a couple months and then it will take a couple of years to transition to Citibank.
  7. DammitJanet

    DammitJanet Well-Known Member Staff Member thing I can be pretty sure of is that if my dad has one functioning brain cell left, he will have taken good care of his money. The man was an