Bank duel takes shape

Bank duel takes shape

There are 2 comments on the Baltimore Sun story from Oct 6, 2008, titled Bank duel takes shape. In it, Baltimore Sun reports that:

Wells Fargo & Co. and Citigroup Inc. 's dispute over their competing agreements to acquire Wachovia Corp.

Join the discussion below, or Read more at Baltimore Sun.

Angel

Roseland, NJ

#2 Oct 6, 2008
Fannie wrote:
Fannie Mae and Freddie Mac are the cause of the banking crisis through the government initiated AFFIRMATIVE ACTION BANKING LOANS.
Last time I checked more than minorities were getting loans from Fannie Mae and Freddie Mac. The major states hit by this crisis are CA, FL and NV and the homes involved were not owned by minorities. Yes, minorities were foreclosed on but if this were simply an issue of poor minorities defaulting on bad loans believe me the economy would not be in fore front of the election. The issues of poor minorities is rarely ever the center piece of election issues unless it is crime. This is a "Joe Sixpack" issue. Joe took out a mortgage on a home he could not afford. He has six credit cards on the verge of being maxed out.

I know Blacks who benefitted from the relaxed lending laws, they are still in their homes because they didn't get ARMs or homes they could not afford.

And by the way, white woman, not minorities benefitted most from Affirmative Action. Do a little research.
PogoLogo

Baltimore, MD

#3 Oct 6, 2008
Angel, you're an angel. ;-)

But going back to the topic of the article: I hope Wells beats out Citibank.

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