Citigroup Buys Wachovia Bank: Will You Change Banks?
Kelllzerz
2008/09/29 18:20:54
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Wachovia Bank was taken over by the federal government. The government also seized Washington Mutual, who's assets and deposits were acquired by JPMorgan for $1.9 billion. Citigroup has made a bid that pulled Wachovia from total failure. The bank takeovers are coming from the subprime mortgage crisis which is causing the US economy to tank. This economic failure rivals the Great Depression.
With Citigroup now taking over Wachovia, will you be changing banks?
With Citigroup now taking over Wachovia, will you be changing banks?
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- SeaJ 2008/10/06 15:38:22 (edited)
- nomorerepukes 2008/09/30 14:43:01
- Realistic voter 2008/09/30 13:01:01My banking habits will ...
stay the same. I'm with a federal credit union.reply - Seth (crazy Iowan) *Burgundy* 2008/09/30 02:33:38My banking habits will ...If things get any worse, I'll pull out all the money from my accounts and keep it in a shoebox under my bedreply
- Jcap ~ Peace ~ 2008/09/30 00:46:13Yes, I will be changing banks.Wachovia has been managing my IRA for several years now. I hate to bail because I have always been happy with my account manager, but, the situation is just too volatile. I am going to switch my account to a local bank that had the good sense to stay out of the sub prime mortgage market. They have a good rating as far as conservative investing goes. Luckily I moved my money from a mutual fund to a money market before the market tanked.reply
- Alex 2008/09/29 23:16:04My banking habits will ...remain anonymousreply
- SilverHawk 2008/09/29 23:13:48My banking habits will ...not change. I bank locally and have credit cards from both Chase and Citigroupreply
- Texoma 2008/09/29 19:38:13My banking habits will ...Remain the same.reply
- KellyDew~YES WE CAN 2008/09/29 19:09:22My banking habits will ...Im sticking with my local bank and credit union. I worked for Wachovia until a few months ago when I was laid off. My friends took their money out months ago. Yes, the money is FDIC insured but why hassle with the lines if the writing was on the wall that they were in trouble???reply
- ~Drew~ 2008/09/29 18:36:28My banking habits will ...not change. I don't do business with either.reply
- Deleted 2008/09/29 18:24:55No, I am staying with my current bankI'm with 5/3 Bank.reply
- mc27 2008/09/29 18:23:51No, I am staying with my current bankwith neither bank.reply
