Valued Member
Posts: 56
Registered: ‎04-11-2008

Wachovia, WaMu still in big trouble

Heres a good article for those intersted:
It just goes to show you, we will all being paying for this mess for a long time
Problems cannot be solved at the same level of awareness that created them.
--Albert Einstein
Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008

Re: Wachovia, WaMu still in big trouble

A while back, WaMu sold a bunch of prime mortgages, including my 5.875% 30-year fixed loan, to Wells Fargo because they wanted to invest in higher-yield loans. Now I'll bet they'd love to have those boring low-rate loans back. Here's a comparison of how WaMu and WF stocks have done over the past coupld of years:
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it

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