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IT SURELY DID COLLAPSE….DAXN!!!

Sad, sad, sad… I bank with them so IDK whats going to happen??

This is sad, at least it will let these brainless monkeys who wanna vote for McCain and Palin know that the rebublican party is the one f*cked us up in the first place!

OMG!!!

shavon denise i bank with Wachovia too, the customers don’t have to worry (unless you are applying for a loan) the shareholder are the ones with the sh*t faces

the banks have been beating people over the head for years..just the other day I was on the phone with chase disputing an insignificant charge for an hour and a half!! its high time they get what they deserve..you can get away with sneaky sh*t for so long but eventually it will all catch up. And again I say..people save your money think twice about putting your money in the bank..you better take it back in the day and stash your cash under the mattress

Obama’s not gonna do a thing. He’ll be in office to calm people down through out the soon to be chaos and collapse. Obama is not the coming of Christ, he’s going to be a figure head and scapegoat like all the other presidents. You’ll never see the real hand that controls the president.

WOW!!! You know we are in trouble when the banks are failing

all that and spending billions on a war, can’t even take care of home…we are so stupid!

I am with Wachovia too and all they are gonna do is transfer everyones account to Citibank, so you will still go to the same branch as you usually do. All of our money is insured in the bank anyways, didn’t you people take American History classes. It was a part of the New Deal social problems.

Now it’s Obama’s fault that the house rejected the bill…

KMA!!

I’m scurrrrred!

the banks have been beating people over the head for years..just the other day I was on the phone with chase disputing an insignificant charge for an hour and a half!! its high time they get what they deserve..you can get away with sneaky sh*t for so long but eventually it will all catch up. And again I say..people save your money think twice about putting your money in the bank..you better take it back in the day and stash your cash under the mattress

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Cosign

Hey Cutie how you doing today….

Bush will definitely go down in history as the worst, president American. 9/11, Katrina, and the financial crisis, all happened under his leadership.

I live in Charlotte, so we’ve expected this some time ago. We all thought it would have been Chase to buy Wachovia. I just hope that Citi Bank doesn’t take Wachovia HQs from Charlotte. Wachovia has also laid off thousands of employees, but I was told that at least most of the employees were warned months in advance.

Here an article from Forbes Mag:

In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.

Citigroup will absorb up to $42 billion of losses from Wachovia’s $312 billion loan portfolio, with the FDIC covering any remaining losses, the government agency said Monday. Citigroup also will issue $12 billion in preferred stock and warrants to the FDIC.

The deal greatly expands Citigroup’s retail outlets and secures its place among the U.S. banking industry’s Big Three, along with Bank of America Corp. and J.P. Morgan Chase & Co. But it comes at a cost – Citigroup said Monday it will seek to sell $10 billion in common stock and slashed its quarterly dividend in half to 16 cents to shore up its capital position.

The agreement comes after a fevered weekend courtship in which Citigroup and Wells Fargo & Co. both were reportedly studying the books of Wachovia, which suffers from mounting losses linked to its ill-timed 2006 acquisition of mortgage lender Golden West Financial Corp.

Wachovia, like Washington Mutual Inc., which was seized by the federal government last week, was a big originator of option adjustable-rate mortgages, which offer very low introductory payments and let borrowers defer some interest payments until later years. Delinquencies and defaults on these types of mortgages have skyrocketed in recent months, causing big losses for the banks.

The FDIC asserted Monday that Wachovia did not fail, and that all depositors are protected and there will be no cost to the Deposit Insurance Fund.

Federal Reserve Chairman Ben Bernanke, in a statement Monday, said he supports the “timely actions” taken by the FDIC “which demonstrate our government’s unwavering commitment to financial and economic stability.”

Treasury Secretary Henry Paulson also welcomed the sale of Wachovia to Citigroup, saying it would “mitigate potential market disruptions.” Paulson said he agreed with the FDIC and the Fed that a “failure of Wachovia would have posed a systemic risk” to the nation’s financial system.

“As I have said before, in this period of market stress, we are committed to taking all actions necessary to protect our financial system and our economy,” Paulson said.

As details of its takeover unfolded, Wachovia shares plunged 91 percent to 94 cents. The stock had closed Friday at $10, down 74 percent for the year.

Now that a deal for Wachovia is complete, the most troubled of the nation’s largest financial institutions have been dealt with. However, the FDIC estimated there were 117 banks and thrifts in trouble during the second quarter, the highest level since 2003. And that number is likely to have increased during the third quarter.

With the acquisition of Wachovia, Citigroup has reclaimed its title as the biggest U.S. bank by total assets. Including Wachovia, the bank now has assets of $2.91 trillion, as of June 30. That could change, however, as Citigroup shrinks its balance sheet, a decision Chief Executive Vikram Pandit made in May to rid the bank’s books of risky debt.

In terms of current market capitalization, Bank of America Corp. remains the largest U.S. bank, followed by JPMorgan Chase & Co. in second and Citigroup in third place.

Just a short time ago, Citigroup was under the scrutiny of investors who worried about the possibility of its collapse given its massive exposure to mortgage-backed securities. The New York-based bank has not turned a profit for three straight quarters, and lost a total of $17.4 billion during that period after writing down its assets by about $46 billion. That’s the most write-downs of any U.S. bank.

But the government’s proposed $700 billion bailout plan could prove to be the deal’s silver lining.

While the plan broadly aims to prevent banks from profiting on the sale of troubled assets to the government, there is an exception made for assets acquired in a merger or buyout, or from companies that have filed for bankruptcy.

This detail could allow Citigroup to sell toxic mortgages and other assets it gained from Wachovia for a higher price than the bank actually paid for them.

The Wachovia deal caps a wave of unprecedented upheaval in the financial sector in the past six months that has redefined the banking industry, starting with the government-led forced sale of Bear Stearns Cos. to JPMorgan in March.

The failure of IndyMac Bancorp in July reignited investors’ fears about the stability of the financial sector, which led to the eventual takeover of struggling mortgage lenders Fannie Mae and Freddie Mac.

Earlier this month, officials seized both Fannie and Freddie, temporarily putting them in a government conservatorship, replacing their chief executives and taking a financial stake in the mortgage finance companies.

After U.S. regulators made it clear that they would not bail out struggling investment bank Lehman Brothers Holdings Inc., rival Merrill Lynch & Co. arranged a hasty deal to be bought by Bank of America Corp. for $50 billion in stock.

Lehman Brothers was subsequently forced to declare bankruptcy, the largest ever in the United States. Investor concerns quickly turned to American International Group Inc., the nation’s largest insurer. Staving off a failure that could have sent shock waves throughout the global markets, the federal government injected an $85 billion emergency loan into the insurer.

Just days later, the government seized Seattle-based Washington Mutual, marking the largest bank failure in U.S. history. WaMu’s deposits and assets were acquired by JPMorgan for $1.9 billion.

These events have now culminated in extraordinary moves by the federal government to try to fix the financial crisis that began more than a year ago. Lawmakers are to vote Monday on an unpopular $700 billion plan to rescue troubled financial companies.

Wachovia’s problems stem largely from its acquisition of mortgage lender Golden West Financial Corp. in 2006 for roughly $25 billion at the height of the nation’s housing boom. With that purchase, Wachovia inherited a deteriorating $122 billion portfolio of Pick-A-Payment loans, Golden West’s specialty, which let borrowers skip some payments.

This summer, Wachovia reported a $9.11 billion loss for the second quarter, announced plans to cut 11,350 jobs – mostly in its mortgage business – and slashed its dividend. Wachovia also boosted its provision for loan losses to $5.57 billion during the second quarter, up from $179 million in the year-ago period.

worst, American president TYPO

my boy works there, damn i gotta call him ASAP!!!

I am with Commerce Bank and they are actually expanding. Don’t fret over the 700B plan rejection. First of all, 700B is not enough money to cover this mess. Second, the banks have come clean on how bad their individual situations are. All you will notice at home is your account will be quietly transferred to another bank.

The GOP is very upset over this because this action shows they have lost significant ground in Washington, paving the way for Obama. *Happy Smile*

Did you see Bush attempt to calm the fears of Americans this morning? What happened to him? He looked tired and beat. He spoke like he was in middle school speech class.

Anyway, have faith in your leaders. They aren’t going to let the banking system crash.

chaka1(Check me out!)

I am with Commerce Bank and they are actually expanding. Don’t fret over the 700B plan rejection. First of all, 700B is not enough money to cover this mess. Second, the banks have come clean on how bad their individual situations are. All you will notice at home is your account will be quietly transferred to another bank

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Dont count your chickens, and dont be suprised just because they are still building branches…Wachovia is still lending money, and look what is happening..Buy precious metals (not jewerlry but bars)…when the dollar is down the gold, silver, platinum and palladium is up

I hate that, hate that, hate that! I just got a new job at Wachovia and I hate Citibank more than almost any other company. I ain’t quittin’ tho. Like Celie in the color purple, “Nothing but death can keep me from it.” Have Murcay!

Actually, Commerce just got bought out TD Bank out of CANADA!…LOL…

@Redd

When you said buy jewelry, I was going to go buy a 500K Sean Kingston crayon box necklace…

The DEMs appear to have their act together. In addressing the nation about the bail out defeat, they have a woman, a black man, a white man and a gay man making comments. The GOP had a group of very angry white men. Are the times a-changing?

In God you trust, America. why dont yall pray and ask Him for help cuz obviously the men who lead the country are havin a few issues doin it. hopefully these are just a few bumps on the road… i hope. i pray yall will bounce back real soon.

WOW!!! You know we are in trouble when the banks are failing

all that and spending billions on a war, can’t even take care of home…we are so stupid!

**********************************************************************

EXACTLY 100% CO-SIGN!!!

the judgement of God is here and ther is nothing man can do to stop this ecomonic hemorhaging that is taking place!

This is CRAZY! Hey IJM!

“GO GETCHO MONEY IF YOU BANK WITH WACHOVIA! NOOOOWWW DAMMIT! RUN! RUN FASTER! FASTER THAN THAT!!!”

AFRICAN-AMERICANS will suffer most if the economy crumbles…they can’t compete for jobs in Europe, China and Asia with white Americans…

HEY IJM

whats the deal girl?

hope yall got an education when yall could have, no loans now….and i hope yall cleaned up your credit, cuz now its gonna be hard as hell to get credit. Its really going to be a country of the have’s and the have not’s.

chaka1(Check me out!)

@Redd

When you said buy jewelry, I was going to go buy a 500K Sean Kingston crayon box necklace…

______________________-

I said dont buy jewelry

wake up America! the judgement of God is here! there is nothing man can do to stop the judgement of God read your bible. All throughout history whenever God judged a nation he crippled their economy. We don’t want God in our schools our homes or anywhere we barely want him in our churches with all these programs and manmade formats!

Jesus just called he will be back shortly

I find it hilarious how some people believe Obama will miraculously “Save” the U.S economy. If you are wise, DON’T VOTE FOR OBAMA. If Obama gets into office and inherits this mess from Bush, all the history books will say that the fall of America happened during the tenure of the 1ST BLACK PRESIDENT!! This is a trap and y’all and Obama are falling right into it.

WAKE UP BLACK PEOPLE! WAKE UP!! WAKE THE F**** UP

LET MCCAIN AND PALIN GO DOWN WITH THIS SHYT!!

@Cutie

I feel you, I been busy too…

Hey read up on Pacal Votan and let me know what you think…

I think I have your e-mail address because you posted it once, because i wanted to talk to about the books you had on Numerology

wachovia is my bank too…i’ve been watching bloomberg tv all weekend and this was expected to happen.

WASHINGTON – In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it.

Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was officially announced on the House floor.

As a digital screen in the House chamber recorded a cascade of “no” votes against the bailout, Democratic Rep. Joe Crowley of New York shouted news of the falling Dow Jones industrials. “Six hundred points!” he yelled, jabbing his thumb downward. The decline was about 530 points shortly before the close of the trading day.

Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home. Not enough members were willing to take the political risk just five weeks before an election.

“No” votes came from both the Democratic and Republican sides of the aisle. More than two-thirds of Republicans and 40 percent of Democrats opposed the bill.

The overriding question for congressional leaders was what to do next. Congress has been trying to adjourn so that its members can go out and campaign. “We are ready to continue to work on this,” said Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee.

“The legislation may have failed; the crisis is still with us,” said House Speaker Nancy Pelosi, D-Calif., in a news conference after the defeat.

“What happened today cannot stand,” Pelosi said. “We must move forward, and I hope that the markets will take that message.”

At the White House, Bush said, “I’m disappointed in the vote by the United Sates Congress on the economic recovery plan.”

The president was to meet with members of his economic team later in the day “to determine next steps,” said spokesman Tony Fratto.

Republicans blamed Pelosi’s scathing speech near the close of the debate — which attacked Bush’s economic policies and a “right-wing ideology of anything goes, no supervision, no discipline, no regulation” of financial markets — for the vote’s failure.

“We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House,” Minority Leader John Boehner said. Pelosi’s words, the Ohio Republican said, “poisoned our conference, caused a number of members that we thought we could get, to go south.”

Rep. Roy Blunt, R-Mo., the whip, estimated that Pelosi’s speech changed the minds of a dozen Republicans who might otherwise have supported the plan.

Frank said that was a remarkable accusation by Republicans against Republicans: “Because somebody hurt their feelings, they decided to punish the country.”

Monday’s action had been preceded by unusually aggressive White House lobbying, and Fratto said that Bush had been making calls to lawmakers until shortly before the vote.

Bush and his economic advisers, as well as congressional leaders in both parties had argued the plan was vital to insulating ordinary Americans from the effects of Wall Street’s bad bets. The version that was up for vote Monday was the product of marathon closed-door negotiations on Capitol Hill over the weekend.

“We’re all worried about losing our jobs,” Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. “Most of us say, ‘I want this thing to pass, but I want you to vote for it — not me.’ ”

With their dire warnings of impending economic doom and their sweeping request for unprecedented sums of money and authority to bail out cash-starved financial firms, Bush and his economic chiefs have focused the attention of world markets on Congress, Ryan added.

“We’re in this moment, and if we fail to do the right thing, Heaven help us,” he said.

The legislation the administration promoted would have allowed the government to buy bad mortgages and other rotten assets held by troubled banks and financial institutions. Getting those debts off their books should bolster those companies’ balance sheets, making them more inclined to lend and easing one of the biggest choke points in the credit crisis. If the plan worked, the thinking went, it would help lift a major weight off the national economy that is already sputtering.

More than a repudiation of Democrats, Frank said, Republicans’ refusal to vote for the bailout was a rejection of their own president.

I’m just waiting to see how all of this will unfold…meanwhile, i will be putting mine under my mattress…jic

Hey Kesha!

I’m with you girl…I have a savings with ING…and I bank with a very small bank so hopefully none of this ish will affect me other than the fact that I am a first time home buyer…

I thought McCain said he was the maverick,acting like he was getting things done in reality he’s just a little miniature pony.

@ redd

@Cutie

I feel you, I been busy too…

Hey read up on Pacal Votan and let me know what you think…

I think I have your e-mail address because you posted it once, because i wanted to talk to about the books you had on Numerology

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pacal votan..that sounds familiar is that about 2012?? i’ll look it up though..and yea email me

I need answers

I just had my interview at Wachovia! damn!

Hey Kesh, you got that L?

Hey Z, Lauren (How are you holding up Momma?)

i make all my purchases in cornbread

whats going on I’m Just ME

cutie pie*kindly putting people on blast est.1985*We are officially in the sun sign of Libra!!!! Time to rejoice (Check me out!)

@ redd

@Cutie

I feel you, I been busy too…

Hey read up on Pacal Votan and let me know what you think…

I think I have your e-mail address because you posted it once, because i wanted to talk to about the books you had on Numerology

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pacal votan..that sounds familiar is that about 2012?? i’ll look it up though..and yea email me

_______________

Exactly..I should have known you read about him already

How are you Z?

I am good Redd. How are you?

Z….Hey pretty ladee…

IJM….Wassup babez? I’m holding up well..32 weeks and counting down…:)

Im good..are you holding an alcoholic beverage in your gravie?

Hey Lauren!!!

@ Redd

Yes sir, I am. And after reading the above article as well as the one concerning student loans…..I am wishing I had an alcoholic beverage in front of me.

I’m so glad I have no assets. Or money. Or property. And I’m out of food stamps.

@ ugottalissen

The dilemma is totally understandable but I just have this gut feeling that shyt is about to go down…I guess we’ll just have to wait and see!

lmfao@ Oshie.

@ LAUREN

YEAH!!! ALMOST FINISHED…8 more to go!!!

Hey Mrs. Philly, I was thinking of you today when I was hoping I’m not pregnant!

Oshie (oshie wishes she knew how to spell LAURYN HILL correctly)(Check me out!)

Hey Mrs. Philly, I was thinking of you today when I was hoping I’m not pregnant!

______________

you probably are

Why couldn’t this ish happen three generations lata or sum shyt?!?! Why in my prime?!? I guess the kids don’t need an education, since there will be no jobs. Our society will really be like that movie “idiocracy”. Why couldn’t all the corporations and goverment work together and lower the prices of everything so that the money we do have will stretch out for a lil longer??!?! Doesn’t that make sense or perhaps my views are too simplistic? I need answers!!!

HOLLYWOOD BS(Check me out!)

@ ugottalissen

The dilemma is totally understandable but I just have this gut feeling that shyt is about to go down…I guess we’ll just have to wait and see!

______________

At least somebody over in Congress got a brain, and didnt enact that bail out plan..but I still think its gonna go through because stock will continue to tumble then the public would beg for it.

I just hope and pray that Bank of America doesn’t go under!

Hey IJM, Lauren!

IJM…whats poppin mama! You good? (Dont got that L )

Lauren…hey mama! How you feelin today??

What will happen to our children, now that the Republicans have ruined everything?!?!(Check me out!)

Why couldn’t this ish happen three generations lata or sum shyt?!?! Why in my prime?!? I guess the kids don’t need an education, since there will be no jobs. Our society will really be like that movie “idiocracy”. Why couldn’t all the corporations and goverment work together and lower the prices of everything so that the money we do have will stretch out for a lil longer??!?! Doesn’t that make sense or perhaps my views are too simplistic? I need answers!!!

_______________________

Because its not about you or me, its about the powers that be.

@ Redd: Why would you say such a terrible thing?

Besides it was just one time and we used a condom.

Damn this is crazy

To all my economics majors

“WOULDN’T THE GOVERNMENT BE WISER JUST TO DISTRIBUTE THE 70 OR 80 BILLION TO THE AMERICAN PEOPLE(INSTEAD OF ING) AND TAX THAT?

That creates 30 or billion in taxes coming back to Uncle Sam plus it saves some of the major banks because people will be investing, paying off loans, mortgages, etc….

@ z

@ Redd

“Yes sir, I am. And after reading the above article as well as the one concerning student loans…..I am wishing I had an alcoholic beverage in front of me.”

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I know!! i wanted to go back for my masters but that won’t be happening any time soon..oh well off to plan B lol..i’m still gonna go home and down a whole bottle of wine and have some beets afterwards

I heard the $700 billion bailout was rejected

Beets + wine = massive amounts of tinkling

@ CP

I posted the Article above!!

@ Kesh

Well I got it

*passing to Kesh*

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

Damn this is crazy

To all my economics majors

“WOULDN’T THE GOVERNMENT BE WISER JUST TO DISTRIBUTE THE 70 OR 80 BILLION TO THE AMERICAN PEOPLE(INSTEAD OF ING) AND TAX THAT?

That creates 30 or billion in taxes coming back to Uncle Sam plus it saves some of the major banks because people will be investing, paying off loans, mortgages, etc….

~~~~~~~~~~~~~~~~~~~~~~~~

That actually sounds like a great plan…but thats too much like right, and we all know the Bush administration ain’t right!!

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

Damn this is crazy

To all my economics majors

“WOULDN’T THE GOVERNMENT BE WISER JUST TO DISTRIBUTE THE 70 OR 80 BILLION TO THE AMERICAN PEOPLE(INSTEAD OF ING) AND TAX THAT?

That creates 30 or billion in taxes coming back to Uncle Sam plus it saves some of the major banks because people will be investing, paying off loans, mortgages, etc….

__________________________________________

You are a damn genius. WRITE A LETTER TO BUSH DUMB ASS!!

@ Cutie Pie

…..i want some beets toooooo

Mrs Philly aka L Boggie

You not talking to a brotha ma??

Shyt they was gonna give 700 Billion to wallstreet….why not just 100 billion to the ppl!??! that would be quite a significant amt for every one of us.

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

Damn this is crazy

To all my economics majors

“WOULDN’T THE GOVERNMENT BE WISER JUST TO DISTRIBUTE THE 70 OR 80 BILLION TO THE AMERICAN PEOPLE(INSTEAD OF ING) AND TAX THAT?

That creates 30 or billion in taxes coming back to Uncle Sam plus it saves some of the major banks because people will be investing, paying off loans, mortgages, etc….

______________________

In my opinion I dont think throwing money at the proplem is ever the answer…..Just think of that Dave Chapple skit, when black people got their reparations ….remember that

thanks IJM…reaches for it…

dammit after all of this…I just want a drink and a nap

me too

@Redd

LOL

I remember that joint. 60,000 RECORD LABLES got started, Cadillac jumped to $2000 a share

I figure if they throwing money around why not throw it at the people instead of the billion dollar corporations that give failed CEO’s a big azz check

I don’t think the government should have continued to print money without a tangible good to back the dollar but that’s just my little input to the big wigs in Washington D.C.

I’m sleepy

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

@Redd

LOL

I remember that joint. 60,000 RECORD LABLES got started, Cadillac jumped to $2000 a share

I figure if they throwing money around why not throw it at the people instead of the billion dollar corporations that give failed CEO’s a big azz check

I don’t think the government should have continued to print money without a tangible good to back the dollar but that’s just my little input to the big wigs in Washington D.C.

____________-

Yeah I understand your logic though…maybe if everyone knew how to make smart decisions, save, and invest their money it wouldnt be a bad idea, but tell that to them

“Just think of that Dave Chapple skit, when black people got their reparations ….remember that”

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That was too funny! I remember that!

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

@Redd

LOL

I remember that joint. 60,000 RECORD LABLES got started, Cadillac jumped to $2000 a share

I figure if they throwing money around why not throw it at the people instead of the billion dollar corporations that give failed CEO’s a big azz check

I don’t think the government should have continued to print money without a tangible good to back the dollar but that’s just my little input to the big wigs in Washington D.C.

____________-

Yeah I understand your logic though…maybe if everyone knew how to make smart decisions, save, and invest their money it wouldnt be a bad idea, but tell that to them

_________________________________________________

What do you think the people will do with the money?

Nighty Night

@ Kesha

Remember Black Bush….LMAOOOO

We trying to get that OIL *coughs*

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

@Redd

LOL

I remember that joint. 60,000 RECORD LABLES got started, Cadillac jumped to $2000 a share

I figure if they throwing money around why not throw it at the people instead of the billion dollar corporations that give failed CEO’s a big azz check

I don’t think the government should have continued to print money without a tangible good to back the dollar but that’s just my little input to the big wigs in Washington D.C.

____________-

Yeah I understand your logic though…maybe if everyone knew how to make smart decisions, save, and invest their money it wouldnt be a bad idea, but tell that to them

_________________________________________________

What do you think the people will do with the money?

_____________________________________

I’ll pay off my debt and buy a house.

I’m going to murder my husband if he doesn’t get a decent paying job within 1 week. Consider this my confession.

What money? Am I supposed to get some money from all this? I thought it was the opposite.

lmao @ OShie

We speaking hypothetically.

“dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

dapro11(Bears 24-Eagles 20, L and Afiya this is for you)(Check me out!)

@Redd

LOL

I remember that joint. 60,000 RECORD LABLES got started, Cadillac jumped to $2000 a share

I figure if they throwing money around why not throw it at the people instead of the billion dollar corporations that give failed CEO’s a big azz check

I don’t think the government should have continued to print money without a tangible good to back the dollar but that’s just my little input to the big wigs in Washington D.C.

____________-

Yeah I understand your logic though…maybe if everyone knew how to make smart decisions, save, and invest their money it wouldnt be a bad idea, but tell that to them

_________________________________________________

What do you think the people will do with the money?

_____________________________________

I’ll pay off my debt and buy a house.”

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I would pay off my student loans, buy a house, set up a trust fund for my future children( if I can afford to have any) and save the rest under my mattress

@ Cutie

I would pay off my student loans, buy a house, set up a trust fund for my future children( if I can afford to have any) and save the rest under my mattress

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And when that fails, its time to jump into the East River.

There’s no point in speaking hypothetically because as long as I stay married to this jackass I will always be one paycheck away from living in the street.

Oshie (oshie wishes she knew how to spell LAURYN HILL correctly)(Check me out!)

There’s no point in speaking hypothetically because as long as I stay married to this jackass I will always be one paycheck away from living in the street.

_______________________________________________

Unfortunately, thats how most of America lives.

@ z

“And when that fails, its time to jump into the East River.”

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o sh*t ((crying while clutching onto wallet))

Thank you Mike! We better wake the hell up! Why are we acting as if this is any surprise? Obama is not our Savior. We are living in a sad time when we think that its going to take one man to solve a decade long problem. Yes he will help but its going to takes us as a country to get our stuff together. Our country is paying for its greed and lack of responsiblity!

I’m just gonna keep thinking positively and just maybe everything will be ok….

Just give everyone a clean slate because most people don’t have much anyway and clinging desperately to vestiges that still remain. Just give everyone a clean slate already..

Wow, the Dow dropped to 777 points?!?! Jesus take the Wheel indeed, cause this is the worst hit Wall Street has suffered EVER!!

I think the time has come for eveyone to stop pointing fingers and to allevite the situation..all the statements about the counrty paying for its greed is true..but it is hurting people who didn’t even get a chance to get a taste of this greed everyone speaks of(like me)

@Im Just Me

“that n***a tried to kill my father son!”

-black bush

LOL

@ CP

I think the time has come for eveyone to stop pointing fingers and to allevite the situation..all the statements about the counrty paying for its greed is true..but it is hurting people who didn’t even get a chance to get a taste of this greed everyone speaks of(like me)

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And me…. co-sign

I’M OUT FAMILY, LUV

THE ECONOMY IS TAKING A HUGE HIT

IF YOU HAVE ANY MONEY OUT THERE, YOU BEST PULL IT AND TUCK IT UNDER YOUR MATTRESS!

THROW THESE THEIVING REPUBLICANS OUT ON ELECTION DAY..THEY HAVE RUINED THIS COUNTRY!

heavenly(Check me out!)

IF YOU HAVE ANY MONEY OUT THERE, YOU BEST PULL IT AND TUCK IT UNDER YOUR MATTRESS!

THROW THESE THEIVING REPUBLICANS OUT ON ELECTION DAY..THEY HAVE RUINED THIS COUNTRY!

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I just had a though…

Banks have a limit on the amount you withdrawal even inside the branch…So if a real depression hit we wouldnt be able to pull our money out fast enough

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Henry Ford

Founder of Ford Motor Company

@ Redd: not if you cancel your account completely.

Oshie (oshie wishes she knew how to spell LAURYN HILL correctly)(Check me out!)

@ Redd: not if you cancel your account completely.

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Yeah..they will send you a check, and see if it clears

OH HELL no, I will demand cash…. I’ve cleared out my account before and gotten cash…?

Oshie (oshie wishes she knew how to spell LAURYN HILL correctly)(Check me out!)

OH HELL no, I will demand cash…. I’ve cleared out my account before and gotten cash…?

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Some banks wont even let you withdrawal over $3,000 cash without 24 hours notice….so just imagine if somebody trying to get out their $50k…if you got under 3k you might be good though

Come on folks! Wake up! It’s a plot to get you to vote in the use of the Amero, and start the North American Union. Wake up!!!!

test

MsGreeneMBA(Check me out!)

Come on folks! Wake up! It’s a plot to get you to vote in the use of the Amero, and start the North American Union. Wake up!!!!

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Its comming I know, but try and tell people that

I’ve never had $3k at one time. Just an example of what a broke loser I am.

Oshie (oshie wishes she knew how to spell LAURYN HILL correctly)(Check me out!)

I’ve never had $3k at one time. Just an example of what a broke loser I am

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Lol..naw i wouldnt say all that, but im beginning to believe we are better of broke and have no debt, than being rich and worrying about losing all you have wrked for…ya know

@ chaka1 wrote, “The DEMs appear to have their act together. In addressing the nation about the bail out defeat, they have a woman, a black man, a white man and a gay man making comments. The GOP had a group of very angry white men. Are the times a-changing?”

Unfortunately, that ‘gay man’ (barney frank) is part of the problem, not the solution. A HUGE part of the problem.

As for Obama, all I needed to know is that everybody is keeping HIM abreast of what’s going on — while McCain is reduced to making phone calls out.

Family First, invasive question which is none of my business, but that photo is intriguing:

are you Blasian?

Redd Tony wrote, “In my opinion I dont think throwing money at the proplem is ever the answer…..Just think of that Dave Chapple skit, when black people got their reparations ….remember that”

It’s not the government’s business to tell people what to do with their money — exceptions should have been for welfare, but look how people got around that. If 60,000 people want to create record labels, let them. Creating small business is supposed to be a good thing, as is competition. If 60,000 people want to hold a bonfire, let them. If 60,000 people want to buy dope and hookers, let them — then jail them. But not for spending the money in the first place.

is that why people were lined up today at the wachovia today? dayum!!!

OMG – LMAO @ Oshie’s gravie – Thats Great!

@NITA… YOU ARE TRULEY NAIVE… DEFINITION OF A USEFULL IDIOT…

I UPDATED MY MYSPACE: NONA GAYE !!!!!!!!!

she is dirty. I saw her photo on a dating site —cougarkiss–co m, where the rich women seeking love with young handsome guy! And her profile says that she is looking for a sugarbaby, “A handsome collage guy would be the best”.

THE BANK DID NOT COLLAPSE…GET IT RIGHT PLEASE REPORT THESE THINGS CORRECTLY…GET A REAL NEWSPAPER AND READ IT!!!!!!!!!!!!!!!

WOW ! JUST FOUND OUT YOU WERE IN HARLEM KNIGHTS !!!! I DONT THINK YOU WANT TO KILL ME…NAH !!!! I DONT THINK SO.

WACHOVIA DID NOT COLLAPSE…DO UR DAMN RESEARCH….AND THEY WERE BOUGHT BY CITIGROUP….THE FDIC DID NOT SEIZE WACHOVIA…IT WAS A DEAL THAT ACTUALLY CAME OUT BETTER FOR THEIR CUSTOMERS AND THEMSELVES….IM STARTING TO LIST ALL THESE NONCREDIBLE BLOG SITES…MESSY MESSY

The NO VOTE was a GOOD THING.We need not reward FAILURE with more money.The sky IS NOT falling.Those who voted yes on this bailout should lose their jobs.

Fewer Banks.

More Control.

http://www.prisonplanet.com

Tips from financial guru Suze Orman, who thinks the House should have passed the bailout plan today:

Q: How worried should people be right now? Not only about stocks but mutual funds, portfolios, 401(k)s, jobs?

They should be worried about everything. And they should be so worried, not that we should start a panic, that they really start to truthfully change their behaviors.

They have to realize that nobody is joking here. They can’t continue to go out to eat, charge it on a credit card and then just pay the minimum at the end of the month. They have got to go into a different type of financial mentality,

I have to tell you, I don’t think that has sunk into them yet. so a few more days like this a few more things coming down the pike, they may go ‘oh, my God, we may be in serious trouble here.’

Let’s start with bank accounts. If you are within the FDIC limits of a bank account, if you happen to be at a credit union, if you’re within the limits of the NCUA (National Credit Union Administration), you have to understand your money is absolutely safe and sound. The $100,000 per account.

Here’s what everybody needs to do, especially with FDIC…

Go to myFDICinsurance.gov, use the calculator program they have, so you know… without a shadow of a doubt… that your money is insured.

They shouldn’t reward these institutions for shady lending practices. A lot of us who have a 401K or stock are suffering huge losses. What other options do we have though? It’s just a signal to me that America is on a downward spiral. I feel sorry for our children, because there won’t be anything left when they reach adulthood.

Sydney

So would it be more frugal to dine in between your thighs as opposed to dining out?

do not fall for the $700 billion dollar plan! It is going to keep the rich, rich, and the poor, poor! I don’t know about you but I am not interested in padding the pockets of some billonaire all the while trying to afford rising food/gas prices!

@eddiedollars215 wrote, “@NITA… YOU ARE TRULEY NAIVE… DEFINITION OF A USEFULL IDIOT…”

And my naive, useful idiot ass is still voting Obama; and still believes that government has no business telling people how to spend their own money unless it’s welfare.

That latter is my conservative side speaking. My discomfort with the ‘blacks are irresponsible with money and therefore that’s the best argument against reparations’ mindset is my anti-covert-bigotry side speaking. There are plenty of arguments against reparations, but ‘blacks are irresponsible with money’ should not be the very first; it shouldn’t even be on the list.

Keeping doing what you do, though, Eddie. Ciao.

@TESTYBRAWD wrote, “is that why people were lined up today at the wachovia today? dayum!!!”

People who were lined up didn’t know any better. It’s not their fault. (Raises the question of who’s is it though, right?)

And it makes for ‘good tv’, so maybe there are some folks who encourage it.

Anybody really affected by wachovia (or any bank) being bought out is not going to be standing in line for a bank run with the rest of us peons. They’re sorting their mess by phone, fax and consultant/broker/attorney.

ok I am pissed that I missed the numerology convo….I’m a NUMBER 5!

Oh man…I’m bout to start my own bank. The Piggy Bank..Sheeit…

bobbi(Check me out!)

WACHOVIA DID NOT COLLAPSE…DO UR DAMN RESEARCH….AND THEY WERE BOUGHT BY CITIGROUP….THE FDIC DID NOT SEIZE WACHOVIA…IT WAS A DEAL THAT ACTUALLY CAME OUT BETTER FOR THEIR CUSTOMERS AND THEMSELVES….IM STARTING TO LIST ALL THESE NONCREDIBLE BLOG SITES…MESSY MESSY

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So the only way a financial institution can collapse is if it is seized by the FDIC? Are you serious? There is bankruptcy, forced mergers, forced buyouts, forced reorganizations etc. There are PLENTY ways to signal distress when you are a financial institution and this is one of them. Wachovia was a ‘victim’ of the subprime housing crisis.

***NEWS FLASH*** First there was no guarntee it would have worked and as you see The market was going to plunge anyway with or without the $700 billion they were asking for. If it would’ve we would be $700 billion more in debt personally I’m happy that it didn’t pass I grateful somebody gives a damn about us because as seen BUSH and MCCain sure dosen’t……just in case no one knows they don’t pay taxes at all so they are not at all affected by this at all…..LORD HELP US ALL!!!I REALLY DO HOPE AND PRAY THAT OBAMA GETS IN THERE HE HAS A HELL OF A MESS TO CLEAN UP BUT I KNOW HE CAN GET THE JOB DONE

This whole situation is messy and personally I’m glad that the $700 billion bailout was rejected for this reason…..There was no guarntee that it would’ve worked in the 1st place and everyday it is continuing the go down and they want us to bail them out….WELL WHAT ABOUT US they federal & state want to continue to raise out taxes and take and take but not give. My the lord help us all this is just a sad situation

Someone please tell me what’s happening in Ohio! The news is reporting the Republicans are trying to steal the election there by stopping early voting.

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Another news agency is reporting that George Bush is trying to delay the Nov. 4 election blaming it on the economic crisis.

I smell GOP trickery!!! Is this economic situation a crisis or are the Republicans trying to make us panic?

well well well after all these years of wachovia feeing people to death the tables got turned on them it could not of happen to a better bank I’m so happy after all the money they stole from me and millions of other people the lord wrath is powerful