Citigroup to buy Wachovia banking ope...

Citigroup to buy Wachovia banking operations

There are 39 comments on the South Florida Sun-Sentinel story from Sep 29, 2008, titled Citigroup to buy Wachovia banking operations. In it, South Florida Sun-Sentinel reports that:

The government says Citigroup will acquire the banking operations of Wachovia in a deal facilitated by the Federal Deposit Insurance Corp.

Join the discussion below, or Read more at South Florida Sun-Sentinel.

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Paul

Miami, FL

#21 Sep 29, 2008
I sold my house three years ago at the top of the market, and put the money in the bank. Now my bank is failing. Go figure...
mark

Hollywood, FL

#23 Sep 29, 2008
DAS wrote:
Take your money OUT NOW
Put it where? Washington Mutual,no way; there were bought out by JP Morgan Chase,Suntrust nah,Credit union; Yes.
This part of a plan to make the present banking systems fall into the hands of corporate interests who have no allegliance to this country.
mark

Hollywood, FL

#24 Sep 29, 2008
Rooftop wrote:
<quoted text>
And go where with it? It's not like it's worth anything anyway. Maybe we can trade it in for pesos.
How about Euros,Rumbi,or even Rubles.
Bill

Pompano Beach, FL

#25 Sep 29, 2008
Safest place for money is under the mattress. FDIC is now bankrupt.
Bob

United States

#26 Sep 29, 2008
Sigh wrote:
So, here's a question for you experts. Where does my $50k in Wachovia Preferred Stock go? It was down to $14k on closing Friday...it's closed today for trading, probably down to a damn dollar.=/
Stock Symbol WB (Wachovia Bank) resumed trading at 2:30. It closed @#1.84
Will they ever learn

Jupiter, FL

#27 Sep 29, 2008
Ellen-Hollywood wrote:
<quoted text>
I didn't read anything in the article that said Wachovia was siezed by the government. Where did you read/hear that?
Very poor wording or sentence structure...what would one expect from the likes of writers these days!
Will they ever learn

Jupiter, FL

#28 Sep 29, 2008
mark wrote:
<quoted text>Put it where? Washington Mutual,no way; there were bought out by JP Morgan Chase,Suntrust nah,Credit union; Yes.
This part of a plan to make the present banking systems fall into the hands of corporate interests who have no allegliance to this country.
Suntrust, yes! Very solid and conservative. Still believes in professionalism too.
NancyG

Auburn, AL

#29 Sep 29, 2008
Well, it seems I should have cashed in my inherited stock in Wachovia that I was left in 2006 after my mom passed away. Back then it was worth about 50+ per share, and I own 1300 shares after the total was split 3 ways with my 2 sisters. Oh well, win some, lost a lot!
chuck

United States

#30 Sep 29, 2008
when citi takes over what happens to wachovia stock.
blame game

Pompano Beach, FL

#31 Sep 29, 2008
chuck wrote:
when citi takes over what happens to wachovia stock.
It wasn't a stock purchase, only the assets of the retail bank. Wachovia will still keep AG Edwards and their managed fund which I forget what it is called.

Since: Sep 08

Pompano Beach

#32 Sep 30, 2008
The United States of America
1776-2008
May she rest in Peace
Nancy

Hollywood, FL

#33 Sep 30, 2008
blame game wrote:
<quoted text>
It wasn't a stock purchase, only the assets of the retail bank. Wachovia will still keep AG Edwards and their managed fund which I forget what it is called.
EVERGREEN, hopefully aptly named
what the

Miami, FL

#34 Sep 30, 2008
Bill wrote:
Safest place for money is under the mattress. FDIC is now bankrupt.
The FDIC is NOT bankrupt.......keep your MORONIC STUPID comments to yourself or at the very least.....in your trailer park!
John

Charlotte, NC

#35 Sep 30, 2008
Sigh wrote:
So, here's a question for you experts. Where does my $50k in Wachovia Preferred Stock go? It was down to $14k on closing Friday...it's closed today for trading, probably down to a damn dollar.=/
The preferred stock is treated differently than WB stock. It may stay with the parent company and its value is up 20% today.
tooters

Lewisburg, PA

#36 Sep 30, 2008
So it's only the banking end that was purchased or all of Wachovia (corporate banking, etc.). This can't be good for the Charlotte area as a lot of people are employed in the banking industry there!
what the

Miami, FL

#37 Sep 30, 2008
tooters wrote:
So it's only the banking end that was purchased or all of Wachovia (corporate banking, etc.). This can't be good for the Charlotte area as a lot of people are employed in the banking industry there!
Who cares about Charlotte! There are problems everywhere!
Judge Roy Bean

Miami, FL

#38 Oct 1, 2008
If you watch this video youll see what caused it
mark

Hollywood, FL

#39 Oct 17, 2008
Dude wrote:
When is our government going to start providing checking and open up some ATM's??
This is getting ridiculous. The finance industry should be totally regulated after this debacle!!!
How about now?
mark

Hollywood, FL

#40 Oct 17, 2008
Will they ever learn wrote:
<quoted text>
Suntrust, yes! Very solid and conservative. Still believes in professionalism too.
I forgot abou them,and Wells Fargo bought out Wachovia's retail banking.

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