House Rejects Bailout Bill

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!
 

Lothlorien

Active 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!
 

Genny

Worlds Best Nana
Janet,
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.
 

DammitJanet

Well-Known Member
Yeah....well...one 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 accountant...lol.
 
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