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Diego Mamani
ParticipantAlthough you never know what may happen, Wachovia is in far better shape than WaMu. They are big and diversified. Yes, they made the huge mistake of acquiring World Savings for its subprime market share, but they are big enough to survive, at least on paper. WaMu, on the other hand, bet heavily on subprime loans (not unlike World Savings) and is not as strong or diversified as Wachovia.
I’d say, as long as your deposits are below the FDIC limit, you should be OK with either one.
ParticipantAlthough you never know what may happen, Wachovia is in far better shape than WaMu. They are big and diversified. Yes, they made the huge mistake of acquiring World Savings for its subprime market share, but they are big enough to survive, at least on paper. WaMu, on the other hand, bet heavily on subprime loans (not unlike World Savings) and is not as strong or diversified as Wachovia.
I’d say, as long as your deposits are below the FDIC limit, you should be OK with either one.
ParticipantAlthough you never know what may happen, Wachovia is in far better shape than WaMu. They are big and diversified. Yes, they made the huge mistake of acquiring World Savings for its subprime market share, but they are big enough to survive, at least on paper. WaMu, on the other hand, bet heavily on subprime loans (not unlike World Savings) and is not as strong or diversified as Wachovia.
I’d say, as long as your deposits are below the FDIC limit, you should be OK with either one.
ParticipantAlthough you never know what may happen, Wachovia is in far better shape than WaMu. They are big and diversified. Yes, they made the huge mistake of acquiring World Savings for its subprime market share, but they are big enough to survive, at least on paper. WaMu, on the other hand, bet heavily on subprime loans (not unlike World Savings) and is not as strong or diversified as Wachovia.
I’d say, as long as your deposits are below the FDIC limit, you should be OK with either one.
ParticipantWell said FLU. There are plenty of “big hat, no cattle” people around. There’s a single gal in my office who bought a house in the summer of 2005 despite the warnings some of us gave her.
She had $100K saved for a down payment, which she has more than lost by now. But she also drives a newer beemer, has the latest cell phone gizmo, wears designer clothes, etc. She’s going around with zero or negative net worth, but at least she does it in style!
ParticipantWell said FLU. There are plenty of “big hat, no cattle” people around. There’s a single gal in my office who bought a house in the summer of 2005 despite the warnings some of us gave her.
She had $100K saved for a down payment, which she has more than lost by now. But she also drives a newer beemer, has the latest cell phone gizmo, wears designer clothes, etc. She’s going around with zero or negative net worth, but at least she does it in style!
ParticipantWell said FLU. There are plenty of “big hat, no cattle” people around. There’s a single gal in my office who bought a house in the summer of 2005 despite the warnings some of us gave her.
She had $100K saved for a down payment, which she has more than lost by now. But she also drives a newer beemer, has the latest cell phone gizmo, wears designer clothes, etc. She’s going around with zero or negative net worth, but at least she does it in style!
ParticipantWell said FLU. There are plenty of “big hat, no cattle” people around. There’s a single gal in my office who bought a house in the summer of 2005 despite the warnings some of us gave her.
She had $100K saved for a down payment, which she has more than lost by now. But she also drives a newer beemer, has the latest cell phone gizmo, wears designer clothes, etc. She’s going around with zero or negative net worth, but at least she does it in style!
ParticipantWell said FLU. There are plenty of “big hat, no cattle” people around. There’s a single gal in my office who bought a house in the summer of 2005 despite the warnings some of us gave her.
She had $100K saved for a down payment, which she has more than lost by now. But she also drives a newer beemer, has the latest cell phone gizmo, wears designer clothes, etc. She’s going around with zero or negative net worth, but at least she does it in style!
ParticipantAgreed, I would not only welcome her to the complex, I’d let her spend the night at my place anytime!
ParticipantAgreed, I would not only welcome her to the complex, I’d let her spend the night at my place anytime!
ParticipantAgreed, I would not only welcome her to the complex, I’d let her spend the night at my place anytime!
ParticipantAgreed, I would not only welcome her to the complex, I’d let her spend the night at my place anytime!
ParticipantAgreed, I would not only welcome her to the complex, I’d let her spend the night at my place anytime!
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