The financial meltdown continues as lending arm Wachovia was siezed by the FDIC and sold to Citigroup. Wachovia was suffering losses from the mortgage decable with $42 Billion in losses on it's portfolio. Citigroup joins JP Morgan Chase and Bank of America as financial institutions that have absorbed the losses from the meltdown that started with the fall of Lehman Brothers early this month.

Find more details here

It's dark dark times for banks whose names begin with Ws...

look out Walla Walla savingings and loan!

*ducks and covers*

!

I bank with Wachovia...

no you don't

Key word: BANKED

I'm okay with this... I'm not particularly fond of any bank whose name sounds like what they're planning on doing to you when you deal with them.



I'm on Myspace right now, and there's a huge frakking Wachovia banner at the top of the page...

So...after this is all said and done, there will really be one bank left? The United Bank of America?

Buy N' Large

and it will be owned by city ground those crazy Spanish bankers

WALL-E'd!!!1!

Eh, we have a large local bank here that I also bank with, so I'm not really worried.

*experiences skeletal shrinkage*

Bring on cupcake in a cup!

I'd throw all my money into my matress, but the interest rate just isn't high enough... mostly because CHL is hogging all the moms.