Wachovia Stumbling Under Weight of Op...

Wachovia Stumbling Under Weight of Option ARMs, Half of Which M...

There are 1 comment on the Bloomberg Business News story from Sep 28, 2008, titled Wachovia Stumbling Under Weight of Option ARMs, Half of Which M.... In it, Bloomberg Business News reports that:

Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults ...

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Frank Miller

Dallas, TX

#1 Sep 28, 2008
This is not unique to Wachovia, but it should serve as a wake up call to all American investors. If you want to protect your money, you need to diversify and invest at least some of it overseas. These are hard times for American investing firms. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.

Frank Miller

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