Wachovia goes down...

**w4jchosen** · 09-29-08, 09:17 AM

http://business.timesonline.co.uk/to...cle4846729.ece

4th largest bank in the US.

**jmw_man** · 09-29-08, 09:51 AM

Originally Posted by w4jchosen

http://business.timesonline.co.uk/to...cle4846729.ece

4th largest bank in the US.

The world is gonna end soon.

**K0nTANK3Rous** · 09-29-08, 09:53 AM

umm.it's getting really crazy. Can't say too much, but being that i work for the conferencing company these companies use, they are blowing up our available ports (T1's, T3's..) we just hit 10000+ ports.

Citi and Wach are putting a hurting on our staff right now, coming in way over their reserved numbers.

**Nuckle** · 09-29-08, 09:53 AM

This is very very bad news.

**sL!ppY** · 09-29-08, 11:23 AM

mm perhaps i should invest in gold.....

**MotoZ** · 09-29-08, 11:27 AM

Originally Posted by Nuckle

This is very very bad news.

hehe. And you know it ain't over. At least I got me a good set of tools, guns, garden space, and fishin' poles. Might have to go into Country Boy Can Survive mode. :10

**jmw_man** · 09-29-08, 12:06 PM

Originally Posted by ebaconjr

Originally Posted by Nuckle

This is very very bad news.

hehe. And you know it ain't over. At least I got me a good set of tools, guns, garden space, and fishin' poles. Might have to go into Country Boy Can Survive mode. :10

An education is usefull too

Question: if the dollar failed, what happens to debt? I'm referring to MY debt.

**MotoZ** · 09-29-08, 12:07 PM

Originally Posted by jmw_man

Question: if the dollar failed, what happens to debt? I'm referring to MY debt.

Your debt stays there, it just becomes more difficult to quantify.

Alternatively we could price in a currency that is stable, such as Euros or Pounds or . . .

**Potemkine** · 09-29-08, 12:13 PM

Originally Posted by ebaconjr

Originally Posted by jmw_man

Question: if the dollar failed, what happens to debt? I'm referring to MY debt.

Your debt stays there, it just becomes more difficult to quantify.

Alternatively we could price in a currency that is stable, such as Euros or Pounds or . . .

OK, but if we transfer it to the euro or the pound, at what price do we convert? The day the dollar collapses it automatically converts to the euro or pound? Or is it on a day by day basis? Last time I checked the vast majority of the currency within the US was in greenbacks. Should those of us who have liquid money start buying euros?

**MotoZ** · 09-29-08, 12:15 PM

Originally Posted by jmw_man

An education is usefull too

Law degree - check
Electrical engineering degree - check
Software experience - check
Farming experience - check
Pilot license - check
Kickin' mechanic skills - check
Woodworking skills - check
Residential electrical skills - check
Plumbing skills - check

Let's roll this Red White and Blue forward. Screw that bailout bill and let's add value to America ourselves. We'll show them Wall Street numbnuts what rolled up sleeves are for, and it ain't advertising opportunities and shell games.