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Wachovia accountholders, your bank may be on the brink of failure

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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The situation is increasingly bleak for Wachovia Corp. and the bank's mortgage portfolio will continue to lose value, "seriously jeopardizing" the company's ability to generate earnings, an influential analyst warned on Tuesday.

The latest note of caution came as the government moved to reassure people their money is safe in the nation's banks. Yet fears about the system persisted and financial shares plunged in premarket trading Tuesday, signaling another tough day for the stock market.

http://biz.yahoo.com/ap/080715/banks.html?.v=5

Man is made by his belief. As he believes, so he is.

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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Heading into the opening bell, the market is a miasma of malaise as financials look set for another slump, centered on Wachovia Corp. The Charlotte-based institution is off 15% in premarket activity to $8.39 a share after Oppenheimer & Co. analyst Meredith Whitney cut her rating on the company, saying “we fear the company will have the greatest reckoning with asset re-valuation and/or credit costs.”

http://blogs.wsj.com/marketbeat/2008/07/15...-rough-morning/

Man is made by his belief. As he believes, so he is.

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almaty Grand Master

almaty   19

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whoa.. i heard in the past.jp morgan was going to take them over

Peace to All creatures great and small............................................

But when we turn to the Hebrew literature, we do not find such jokes about the donkey. Rather the animal is known for its strength and its loyalty to its master (Genesis 49:14; Numbers 22:30).

Peppi_drinking_beer.jpg

my burro, bosco ..enjoying a beer in almaty

http://www.visajourney.com/forums/index.ph...st&id=10835

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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July 14 (Bloomberg) -- Washington Mutual Inc., after dropping the most since its initial public offering in 1983, said it is "well capitalized'' with more than $40 billion in liquidity and $150 billion in retail deposits.

http://www.bloomberg.com/apps/news?pid=206...refer=worldwide

Man is made by his belief. As he believes, so he is.

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Sassy1natl Proficient

Sassy1natl   0

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Uhoh... our equity account is with them.

"Tolerance implies no lack of commitment to one's own beliefs. Rather it condemns the oppression or persecution of others.

~John Fitzgerald Kennedy~

“Out beyond ideas of wrongdoing and rightdoing, there is a field. I will meet you there."

~Jalal ad-Din Rumi~

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Heracles Grand Master

Heracles   417

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WAMU is apparently also at risk.

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

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Sassy1natl Proficient

Sassy1natl   0

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WAMU is apparently also at risk.

Their customer service is horrible.

"Tolerance implies no lack of commitment to one's own beliefs. Rather it condemns the oppression or persecution of others.

~John Fitzgerald Kennedy~

“Out beyond ideas of wrongdoing and rightdoing, there is a field. I will meet you there."

~Jalal ad-Din Rumi~

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Heracles Grand Master

Heracles   417

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WAMU is apparently also at risk.

Their customer service is horrible.

Tell me about it.

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

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LaGreenEyes Collaborator

LaGreenEyes   0

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Filed: Lift. Cond. (pnd) Country: Panama
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I'm glad I only bank with my company's credit union..which is huge. This economy is just nutz.

panama17xu.gif texas19sn.gif

pequen4io.jpg

Married January 18, 2006

08 JUN 2006.....AP document recieved :)

09 JUN 2006.....regular EAD approval

14 JUN 2006.....regular EAD recieved in mail

22 JUL 2006......AOS and EAD (?) touched...moving along maybe? :)

21 AUG 2006....Recieved interview letter!

26 SEP 2006.....INTERVIEW!!!!!!!!!!!!

26 SEP 2006.....APPROVED WITH FLYING COLORS!

05 OCT 2006....Welcome letter recieved

11 OCT 2006....THE CARD ARRIVES!!!!!!!!!!

15 SEP 2008.....Sent for removal of conditions

24 SEP 2008.....NOA for removal of conditions

10 MAR 2009....Transferred from VSC to CSC

22 MAY 2009.....REMOVAL OF CONDITIONS APPROVED!!!!!! :) Citizenship here we come!

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William33 Veteran

William33   110

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Filed: Lift. Cond. (apr) Country: Indonesia
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July 14 (Bloomberg) -- Washington Mutual Inc., after dropping the most since its initial public offering in 1983, said it is "well capitalized'' with more than $40 billion in liquidity and $150 billion in retail deposits.

http://www.bloomberg.com/apps/news?pid=206...refer=worldwide

A study of economics will reveal a market "adjustment" in the hindsight of the Indymac insolvency. Worry not, the economy will recover.

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MandR Community Regular

MandR   0

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Filed: Lift. Cond. (pnd) Country: Peru
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One way or another they are all in trouble....... just don't know about all of it yet......

So, sit tight, buckle up, it's going to be a bumpy ride :o

Edited by MandR

K-1 Adventure

9/04 - 2/06

Met in Peru, Engaged, Successful I-129F, K-1 interview and Married

AOS / EAD / AP and Remove Condition

3/06/06 - AOS/EAD/AP process begins

3/31/06 - AOS/EAD/AP package Fed Ex'd to Chicago

4/03/06 - AOS/EAD/AP package signed & received

4/10/06 - NOA1's received for AOS, EAD and AP via U.S. Mail

4/11/06 - All 3 checks cashed / $745.00 poorer but worth every penny

4/27/06 - Receive Biometrics appointment letter scheduled for 5/11/06

5/11/06 - Biometrics completed

6/02/06 - Receive notice that AOS only has been transferred to California to speed things along

6/07/06 - E-mail that AOS received in California

6/13/06 - Welcome letter mailed by California... yeah baby

6/17/06 - Official welcome letter received and card will arrive within 3 weeks

6/19/06 - Card arrived in the mail.......

3/08/07 - Trip back to Peru for 10 days and our Religous Wedding

3/2007 - We're Pregnant

12/19/07 - Sebastien Joshua born 8:29am 7lbs 2oz 19.5"

3/14/08 - I-751 Removing Condition is in the mail

3/20/08 - Checked cashed

3/17/08 - I-751 Package signed and received

3/24/08 - Case moved to Vermont

4/17/08 - Biometrics completed

4/21/08 - Touched...........

6/16/08 - Touched once again........

11/3/08 - Touched again.. this is begining to feel good

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~BahAmerican~ Explorer

~BahAmerican~   0

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Filed: AOS (pnd) Country: Bahamas
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Wow...Glad I followed my instincts and didn't bank with WAMU or WAC.

Our Inevitable Destiny Together (evolving)

BAH.GIF536389mts365i0j8.gifUS1.GIF

♥Two Hearts Beat As One♥

TIMELINE:

=>Hubby & I met online Aug 27th,2005.(An undeniable Love)

=>Proposed to me on Sept 14th, 2005.(Happy Moment)

=>Exchanged our wedding vows on Aug 9th, 2006.(Blessing)

=>I-102 form (replacement I-94) sent on Mar 18th, 2008.

=>I-102 form(Approval) on Mar 27th, 2008.

=>Immigration Medical taken on May 27th,2008.

=>Picked up Medical Results on May 30th,2008.

=>I-765,I-485,I-130 App Package Sent on June 23rd,2008.

=>I-765,I-485,I-130 App Package Received on June 24th,2008.

=>I-797C NOA Receipts on June 27th,2008.

=>Biometrics NOA on July 1st,2008.

=>Touched on July 2nd,2008.

=>Notification of I-485 RFE on July 22nd,2008.(gathering req doc's)

=>Biometrics Appt July 29th,2008.(Completed)

=>Touched on July 29th,2008.

=>RFE response sent on Oct 17th,2008. (took us a while, but we did it!)

=>RFE response received on Oct 20th,2008.

=>EAD Card (Approved) production ordered notice on Nov 25th,2008. (omg so excited)

=>AOS Interview notice on Dec 2nd,2008. (woohoo)

=>EAD Card arrived in the mail on Dec 8th,2008.

=>Awaiting the 3 year mark to Apply for U.S Citizenship.

=>Eligible to file for U.S Citizenship Dec 2011.

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zqt3344 Experienced

zqt3344   21

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Filed: K-1 Visa Country: Ukraine
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All banks are due to fail sooner or later, it is all one big shell game. Put your money in a coffee can and use cash only. The end is near for us all. :wacko:

The situation is increasingly bleak for Wachovia Corp. and the bank's mortgage portfolio will continue to lose value, "seriously jeopardizing" the company's ability to generate earnings, an influential analyst warned on Tuesday.

The latest note of caution came as the government moved to reassure people their money is safe in the nation's banks. Yet fears about the system persisted and financial shares plunged in premarket trading Tuesday, signaling another tough day for the stock market.

http://biz.yahoo.com/ap/080715/banks.html?.v=5

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