 Who created this market & banks fall? Was it a deliberate attempt to reduce share market? ? |
| Who get benefited with this suden fall? Is US / European/ G8/ financial experts not aware of this fall? Or it is a plot to attaract funds from Arabs & other poor countries?... |
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 What is specific about body language in uk? |
i came to the uk to work in b2b sales and am hearing that am not a typical sales guy and my body language is limited. what can that be?
is this related to the english hypocritical showing ... |
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 Anyone been to walmart lately? |
| are the clothes really under $10....?!?... |
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 As the office manager/owner of a business, was this OK? |
| Mom and I have a small car dealership in Virginia. I am the office manager, but am usually the only one doing the work here. Recently, I had a line of customers to buy cars, and needing other work ... |
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 Has any one ever heard of a company that uses the e-mail address WorkingFrom_Home@yahoo.co... |
| this is suposed to be a company that allows you to work from home by processing applications. you are supposed to get paid 20 dollars for each application you process. im not sure if it is a scam or ... |
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 Can Americans fix the problems of an economic recession by developing a smoking habit? |
| If everybody smoked a pack of cigarettes a day, small shops and the tobacco industry would have boosted profits. The tax on the cigarettes could pay off that 700 billion dollar bailout.... |
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 What is your internal politics story ? |
| Tell me about the time you have seen conflicts between employees or teams. Have you been bullied at work ? What happened and how was the situation resolved ?... |
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 I wanna know that can i be rich by doing MBA from IIM and after that opening 7* Hotels, Airlines, pubs......? |
| After doing MBA from IIM ,can i have so much capacity that i can open my own clothings , inns, pubs , 7* hotel , airlines, jewellery shops and be a Billionare. My investment will start from Clothing ... |
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| What do you think of K-Mart? Is it a good retail store? |
| ...I have found some good buys there (like shirts), but it seems understaffed, and not many shoppers. We had 2 of them in town - one closed its doors forever, and the other seems to keep hanging on.... |
|
 What are the Nasdaq, Dow, S&P means? and What are the numbers? |
| Why that number change everyday? What do they mean? plz let me know. I love you people!!... |
|
 Now that Woolworths has gone bust? |
| What do you think will happen to their sites? Surely not food supermarkets, there so many of those already. Converted to housing? I don`t think so in this property situation. What then? C... |
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 Will publishers clearing house ever pay off? |
| they keep sending me these documents with verifation codes, they sounded so official.... |
|
 Whatever happened to Mrs Paul's seafood? |
| When I was a kid this company was famous mostly for it's fish sticks and the "create a sauce" packet that came in the box of fish sticks. I just noticed that I haven't seen them ... |
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ajaxxx | Is Wachovia the next bank to fail? |
Wachovia, after having bought Golden West in May 2007 became the largest holder of bad sub-prime mortgages. Yesterday, Friday, Sep. 26, 2008 the shares of Wachovia fell 27%. Wachovia is talking to at least 3 banks about being bought. One of those banks is Banco Santander, SA of Spain. |
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Tom Z
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The sixth-largest U.S. bank (by assets, natch,) Wachovia is sitting on a time bomb called Option ARMs, $122 billion of them to be exact accounting for perhaps 60% of all manifestations of this lousy idea. If its portfolio is anything like the overall pool analyzed by Fitch this month, perhaps half of such loans are expected to reset in the next two years. At that time, borrowers will be in for a rude shock, especially those who opted for a lower initial down payment. Overall, such resets will boost the average monthly payment by $1.053, or 63%, Fitch estimated.
How much do you think the bank will lose on such loans if that comes to pass. Because Wachovia is sticking to its forecast that it will lose 12% of the principal.
Quoting: Igor Greenwald, 1:07 PM ET on 9/26/08 in Smart Money Magazine
UPDATE: After Friday's closing bell, published reports said Wachovia Corp. was in early talks with Citigroup Inc., Banco Santander SA, Wells Fargo & Co. and a handful of other suitors for a buyout of the troubled bank.
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lildude211us
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Its going to fail for sure if people keep wondering if it will be the next one to fall. Speculation is what drove Lehman Bros into bankruptcy, Merrill Lynch to B of A, Morgan Stanley's stock down, Goldman Sachs stock down etc...
If the investors, head honchos etc... stopped wondering if its going to be the next one and actually did something to prevent it from being the next one, then Wachovia would be better off and wouldnt have to force itself to merge with somebody else. Besides, i've heard analysts say that Wachovia could probably survive on its own with out merging because its problems arent as bad as Washington Mutual's.
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metallic moment
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Yes, they just did this a.m. |
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wwpetcemetery
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Possible. I don't think the govt is really in the mood to help out banks at the moment.
WAMU was in far better shape than Wachovia..and after seeing the suitors back off from wamu and see how cheaply and and easy it was for some of the assets were to obtain..I think the feds will step in by tues. |
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Ursugardaddy
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Why are you people going to keep allowing someone to smack you in the face just think for a second if all banks fail how would the government be able to pay back all that debt. I know the banks and government say that your money is FDIC up to 100,000 but just think if all the banks was to fail at once how would the government be able to pay everybody back what they have saved up in the bank. The Government is full of Shyt and you should not trust this LIE. DONT PUT THIS TYPE OF TRUST IN ANYONE if the government could afford to pay all of us off then why is the US in debt the way it is, Please have something stashed away ~GOD BLESS~
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