Comments on: Hello Citigroup, Goodbye Wachovia? http://www.ncnblog.com/2008/09/29/hello-citigroup-goodbye-wachovia/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: Clean America http://www.ncnblog.com/2008/09/29/hello-citigroup-goodbye-wachovia/comment-page-1/#comment-130664 Clean America Fri, 03 Oct 2008 19:30:04 +0000 http://www.ncnblog.com/?p=1739#comment-130664 The same thing happened to WAMU(Washington Mutual),they had the highest p's in the banking industry a year ago,and they also started buying out bad mortage companies. I can't help but wonder if this whole economic thing was planned by the banksters just like they did in the 1930's. I mean after all it is still JP Morgan,and so forth that seem to always come to the rescue. Wake up they are merely a holding company for the bad debts. And of course they are going to get billions even though they paid pennies on the dollar for the bad debts.This is going to be very profitable for them. And the whole process of deregulating the banks in 1998,as well as allowing the cross selling of services amongst themselves pretty much destroyed any outside auditing. People didn't learn years ago that cross selling inside was dangerous a major factor resulting in the cooked books of Enron. How about in eptemember 2003 New York State Attorney General Eliot Spitzer seeked info about the lending practices of the banks,including Wells Fargo. Injunctive relief was sought by both the Office of the Comptroller of Currency and one by the Clearinghouse association of banks,citing Spitzer had no authority to request such inforation. Well the fab judges granted the relief and the case was dissmissed how convienant I'd say. This whole thing stinks across the board,legislative,Judicial,and Executive. The same thing happened to WAMU(Washington Mutual),they had the highest p’s in the banking industry a year ago,and they also started buying out bad mortage companies.
I can’t help but wonder if this whole economic thing was planned by the banksters just like they did in the 1930′s.
I mean after all it is still JP Morgan,and so forth that seem to always come to the rescue.
Wake up they are merely a holding company for the bad debts.
And of course they are going to get billions even though they paid pennies on the dollar for the bad debts.This is going to be very profitable for them.
And the whole process of deregulating the banks in 1998,as well as allowing the cross selling of services amongst themselves pretty much destroyed any outside auditing.
People didn’t learn years ago that cross selling inside was dangerous a major factor resulting in the cooked books of Enron.
How about in eptemember 2003 New York State Attorney General Eliot Spitzer seeked info about the lending practices of the banks,including Wells Fargo.
Injunctive relief was sought by both the Office of the Comptroller of Currency and one by the Clearinghouse association of banks,citing Spitzer had no authority to request such inforation.
Well the fab judges granted the relief and the case was dissmissed how convienant I’d say.
This whole thing stinks across the board,legislative,Judicial,and Executive.

]]> By: Tim http://www.ncnblog.com/2008/09/29/hello-citigroup-goodbye-wachovia/comment-page-1/#comment-130393 Tim Tue, 30 Sep 2008 23:10:25 +0000 http://www.ncnblog.com/?p=1739#comment-130393 i'm very concerned about the bank consolidation going on. citi now is an over $2trillion dollar company. that is simply scary. i’m very concerned about the bank consolidation going on. citi now is an over $2trillion dollar company. that is simply scary.

]]> By: money magneto http://www.ncnblog.com/2008/09/29/hello-citigroup-goodbye-wachovia/comment-page-1/#comment-130361 money magneto Tue, 30 Sep 2008 13:55:56 +0000 http://www.ncnblog.com/?p=1739#comment-130361 Just as great nations of the past, greed was their downfall. America need to be careful time to party bye bye Wachovia, hail hail to citigroup. Just as great nations of the past, greed was their downfall. America need to be careful

time to party

bye bye Wachovia, hail hail to citigroup.

]]> By: Freenclear http://www.ncnblog.com/2008/09/29/hello-citigroup-goodbye-wachovia/comment-page-1/#comment-130315 Freenclear Mon, 29 Sep 2008 22:46:30 +0000 http://www.ncnblog.com/?p=1739#comment-130315 I heard the news from a friend this evening. It's so sad because my local Wachovia branches have wonderful people working there. Now, I'm seriously thinking I need to open an account at the credit union. I heard the news from a friend this evening. It’s so sad because my local Wachovia branches have wonderful people working there. Now, I’m seriously thinking I need to open an account at the credit union.

]]> By: Ginkgo100 http://www.ncnblog.com/2008/09/29/hello-citigroup-goodbye-wachovia/comment-page-1/#comment-130288 Ginkgo100 Mon, 29 Sep 2008 16:54:23 +0000 http://www.ncnblog.com/?p=1739#comment-130288 I have also involuntarily switched banks. I'm dumbfounded at the degree to which this nation is obsessed with buying things with other people's money. Listening to Bush, it's clear that (in his view at least) the economy utterly relies on credit. I have also involuntarily switched banks. I’m dumbfounded at the degree to which this nation is obsessed with buying things with other people’s money. Listening to Bush, it’s clear that (in his view at least) the economy utterly relies on credit.

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