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ubercrap
Heavy Crude
Joined: Apr 27, 2005
Posts: 344
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 Posted: Sat Oct 04, 2008 10:34 am Post subject: Old Fashioned bank run at Wachovia? |
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| I just went by a local Wachovia branch and the parking lot was packed full of vehicles and cars waiting to get in lines, people standing around, etc... Is this happening in your neck of the woods? Irrelevant at this point? |
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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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| Posted: Sat Oct 04, 2008 11:03 am Post subject: Re: Old Fashioned bank run at Wachovia? |
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Definitely relevant.
Wachovia is still a functioning entity. Remember, it officially did not "fail."
So if 89% of deposits are pulled out, then they'll have to make it official.
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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Newfie
Heavy Crude
Joined: Nov 15, 2007
Posts: 345
Location: US East Coast
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| Posted: Sat Oct 04, 2008 11:32 am Post subject: Re: Old Fashioned bank run at Wachovia? |
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Here in Philadelphia we just went to ours to make a deposit.
Nothing unusual what so ever.
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When going through hell, keep going! Churchill
Nothing is ever lost by courtesy. It is the the cheapest of pleasures, costs nothing, and conveys much. E Wiman
I know there’s no solution, so I just enjoy what’s here and I enjoy the journey G Carlin |
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ubercrap
Heavy Crude
Joined: Apr 27, 2005
Posts: 344
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| Posted: Sat Oct 04, 2008 12:34 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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| The area is busy and maybe it was close to closing (if they have Sat. morning hours), but still, never seen it like it before and I'm usually by there every weekend. Suntrust and B of A nearby busy, but nothing abnormal... |
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Niagara
Intermediate Crude
Joined: Aug 17, 2006
Posts: 546
Location: Mt. Hubbert Scenic Lookout
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| Posted: Sat Oct 04, 2008 1:38 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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As long as you don't get one of those dreaded letters:
Dear Valued Customer:
Everything is fine. Nothing to worry about folks.
Blah blah blah
Sincerely,
The CEO |
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Novus
Light Sweet Crude
Joined: Jun 21, 2005
Posts: 1750
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| Posted: Sat Oct 04, 2008 4:07 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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| I got one of those from my broker. I guess it is time to pull out. |
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Mo_Oil_Dave
Tar Sands
Joined: Nov 06, 2004
Posts: 42
Location: San Antonio, Texas
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| Posted: Sat Oct 04, 2008 5:33 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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| Niagara wrote: | As long as you don't get one of those dreaded letters:
Dear Valued Customer:
Everything is fine. Nothing to worry about folks.
Blah blah blah
Sincerely,
The CEO |
I just returned from my annual pilgrammage to the nearest branch of Regions Bank this morning. When I walked in the staff nearly fell over themselves to greet me. I thought I had won a contest or something. They even presented me with a two page document (charts and graphs) detailing how safe and secure their financial condition was. I can send it to anyone who wants a copy. When I specifically asked about level three assets (marked to fantasy) you would have thought I had just passed gas or something.
I have two Wachovia branches near me and as I drove by everything looked buisness as usual.
david |
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heroineworshipper
Intermediate Crude
Joined: Jul 14, 2006
Posts: 742
Location: Calif*
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| Posted: Sat Oct 04, 2008 8:46 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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Lines of people R at B of A with cashier's checks from Wachovia.
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People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions. |
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the48thronin
Heavy Crude
Joined: May 30, 2008
Posts: 297
Location: On the highway, or the water somewhere!
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| Posted: Sat Oct 04, 2008 9:23 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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| heroineworshipper wrote: | | Lines of people R at B of A with cashier's checks from Wachovia. |
Maybe they have dealt with wells fargo before and don't intend to do so again?
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Courtesy and Courage, Sincerity and Self-control, Honor and Loyalty...a Code to Live By!
Where is my wooden pitchfork and torch anyway? I may need them for a visit to the castle soon! |
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Eli
Fusion
Joined: Jun 18, 2005
Posts: 3980
Location: In a van down by the river
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| Posted: Sat Oct 04, 2008 9:28 pm Post subject: Re: Old Fashioned bank run at Wachovia? |
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| There was a thread the other day at TF about bank runs on whacovia I think they are happening. |
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