Posted: 10/3/2008 4:15:09 PM EDT
|
I heard something the other day but I can't remember who, (I think my wife) but they stated that wachoiva is going to be bought out or something of the nature by citi bank or someone else. I was just wondering if anyone else might have heard any of this. If you have inform a brother about what all could come of this. I know it should be much just changing accounts and cards. Just didn't know if there would be more to it! |
That was the last thing I heard today. Citi wanted the .gov to foot part of the bill and didn't want to buy all of Walkalloverya's assets, but Wells Fargo is looking to buy the whole thing on their dime, not the .gov's. My AT&T Universal card is through Citi at a 9 percent APR and my truck loan is with Wells Fargo. I have a checking account with Walkalloverya but have opened an account with Suntrust as there is no Walkalloverya in Waycross. Still have the bulk of my direct dep going to Walkalloverya, but I have been thinking about shutting down the Walkalloverya account. I may wait and see how this shakes out. If Wells Fargo buys them, I might be able to consolidate some stuff to my benefit, but we shall see. If y'all remember, Walkalloverya was FirstUnion, which had some shady dealings and now Walkalloverya is getting hit because a lot of the same FirstUnion people were running Walkalloverya and they really got caught up in all this subprime shit. Greedy bastards. I just found out about the FirstUnion connection today, but I knew about FirstUnion's questionable dealings. |
|
I never dealt with Whackoffivia much, I got a CD there since thier rates were good and got $100 in a checking account (will close in 4 more months) since I got $50 for opening it. I has some dealins with Well Fargo as a bank when I was in CO, I wasnt too happy with them. My Money is in local credit Union or ING |
|
Wachovia has been bought by Wells Fargo @ $7/share. A much better deal than the $1/share and OUR money to boot from Citibank. Linky: ap.google.com/article/ALeqM5hwYCkGafcH6aRR0rgldWlJ3Ub7IAD93J9MP00 |
| The Citibank offer was just a smoke screen by the Wachovia CEO. Word is that the FDIC was in the act of shutting them down and Wachovia threw out the Citibank buyout to buy time. That allowed more time to find a better suitor. At least one Wachovia person (besides the CEO) was extremely happy with Wells Fargo. Based on my very limited knowledge it seems like a good fit because Wells Fargo basically does what Wachovia does, just on the west coast. |