Nothing new I think - banking crisis, a part of overall Greatest Depression anybody living now ever seen
It means Wachovia failed and Wells Fargo scooped it up at a fire sale. What bothers me more is how the Treasury Department is now force-brokering sales of failing banks to slightly stronger banks using TARP money (the taxpayer $700 billion bailout money). Doing that conceals from the public how many banks are failing and how dire the situation is, right when what we need is more transparency and more accountability, not less.
We are so screwed. God, when will they put someone in charge of this who isn't there just to loot what's left of the carcass?
For now, Wells Fargo is in the black. Tomorrow may be different. We are in the times where vultures scavenge, and if what they ingest means that our investments have a life of regurgitation and offal, then that's the law of the jungle.
My investments are with an independent Wachovia broker, whom I trust with my life. Now she's a Wells Fargo broker. But she's really not anyone's broker, except mine. Smart, savvy, her interests are for her clients. She will go where her clients are safe. For now, it's Wells. Tomorrow, it could be another bank house, or herself.
In all of this turmoil, I haven't lost a dime. In fact, I've gained. My financial advisor follows her knowledge of the market and passes that knowledge onto her clients. I wish there were more like her.
It doesn't matter what big financial institution dives down under...what matters is what you have in your pocket.
I have a gem.
I got screwed by Wachovia. I hate them! I hope every single banking insitution fails and is never heard of again!
They are all a bunch of carcass licking scavengers who don't care about anything even their naive employees who are only there because they need a job (regular employes, not the fat cat ones)
I just wish it would all collapse already instead of "trying" to save anything. It deserves to fail but now they are taking everyone down with them! errrr!!!!
Wachovia allegedly had that tainted albatross hanging around its neck that reeks back to its conception…that is, the rumor that it was initially funded by slave labor.
Sorry...nope...just a rumor...but if you wish to invest in research i'll cheer you on...
by Doc Wordinger 21 months ago
Hey,Do any non-US citizens know how much Wells Fargo charges when a foreign bank sends a USD check back to them for collection?I live in UK and receive a couple of checks each year from the Amazon Affiliate program in USD. I pay it into my UK account and my bank then sends it back to Wells Fargo...
by Susan Reid 6 years ago
Q: Why does it take 45 minutes and 3 phone calls to deposit a WELLS FARGO BANK CHECK at Wells Fargo?A: Because we're Wells Fargo -- and you're not!That's pretty much the answer I got when I went into my local Wells Fargo branch to follow up on a deposit my son had made earlier in the afternoon.This...
by NatNatNC 5 years ago
What are your opinions on banking with Wells Fargo and BOA?I am currently with BOA and thinking about going to Wells Fargo. Interested to hear some feedback. Thus far feedback for Wells Fargo has been negative.
by Jack Lee 2 years ago
Why is CEO of Wells Fargo John Stumpf still there after the revelation of massive fraud?A disturbing news of 5300 Wells Fargo employees being fired for creating fake customer accounts. A large fine was imposed on the company but no criminal indictments as yet. Why is the CEO of this company still...
by Paperfly 7 years ago
Wells Fargo is going to charge $3 a month for people using debit cards. Will you switch banks?They are rolling out a test prgoram in 4-5 states. Other banks may soon follow if this is successfull.
by jevangelista75 5 years ago
Can I pay my Wells Fargo credit card with another credit card from another financial institution?
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