Discussion on Imminent Implosion: Wachovia Wholesale

Schumpeter Reincarnate Joined: 24 May 2008 Posts: 46246

http://ml-implode.com/viewnews.....esale.html

Dud? Joined: 21 Jul 2008 Posts: 1

Yup, that's what it looks like. A friend just started there last week, and was told today that they were closing.
I wonder what this industry is going to look like a year from now?

Dud? Joined: 21 Dec 2007 Posts: 5

Vertice will stay. Old World Savings & any PAP products are done. This should come as no surprise. Earnings report tomorrow may be factor. Wachovia aka World division was bound to be blown up. Who wants to bet B of A tries to sell off parts, or eventually faces same thing due to Countrywide purchase? Better days ahead, RGB