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08:43 PM
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GET YOUR MONEY OUT OF WACHOVIA NOW
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[quote:Omega:MV82MTcxMjVfOTQxMzk3MV9EQjdFRTNENw==] I concur. They likely are next up. Bail..... [/quote]
Original Message
Wachovia is the largest originator of Option ARMs.
Option ARMs are a big part of what caused WaMu to fail. Guess who was the second largest originator of Option ARMs?
WACHOVIA WILL FAIL NEXT.
If you have MORE THAN $100,000 in a SAVINGS ACCOUNT with Wachovia, MOVE YOUR MONEY OUT, anything over $100,000 is NOT INSURED.
Same goes for retirement accounts and IRAs, except those are insured UP TO $250,000.
PROTECT YOURSELF.
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