Does This Mean I’ll Be Getting New Checks? (Updated) 2
Bye bye Wachovia.
Not a good idea to buy a fly-by-night mortgage company at the height of the bubble.
Addendum:
In the Guardian, Duncan Campbell describes modern banking:
In many ways, some of our financial institutions have in effect been carrying out a fantastically sophisticated long firm fraud, although that may not have been their intention at the outset. They asked people to give them their money, they paid out on time; they asked for more, and paid out again; then they asked for even more – and announced that they had nothing left. Essentially, a long long firm fraud.
Read the whole thing.
December 23, 2008 at 3:02 pm
I bet some things never change & you’ll be paying for your own.
December 23, 2008 at 3:05 pm
They’ll probably go up, also.