Comments on: Wachovia Likely Shutting Down Wholesale Lending http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Marc Authier http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/comment-page-1/#comment-3170 Marc Authier Tue, 22 Jul 2008 19:04:29 +0000 http://mrmortgage.ml-implode.com/?p=194#comment-3170 Hey the more you lay off people and the more you destroy the economy the more the dollar goes up ! Fantastic ! Whachovia should of fired 50,000 people ! Hey the more you lay off people and the more you destroy the economy the more the dollar goes up ! Fantastic ! Whachovia should of fired 50,000 people !

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/comment-page-1/#comment-3168 Marc Authier Tue, 22 Jul 2008 18:50:16 +0000 http://mrmortgage.ml-implode.com/?p=194#comment-3168 Know what ? Paulson works for his clients. The Chineese, the Saudis and his buddies at Goldman Sachs. As for the average american ? Who cares ! Know what ? Paulson works for his clients. The Chineese, the Saudis and his buddies at Goldman Sachs. As for the average american ? Who cares !

]]> By: Stu http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/comment-page-1/#comment-3165 Stu Tue, 22 Jul 2008 16:50:48 +0000 http://mrmortgage.ml-implode.com/?p=194#comment-3165 Paulson will do for the Treasury what Greenspan did for the Fed and Mr. B. is continuing to do... The American tax payer will now "Bail Out" everyone possible and our taxes are about to go through the roof!!! Current "Bail Out" List: Bear Stearns IndyMac Freddie Mac Fannie Mae RE Speculators RE Investors Current "Bail Out" Watch List: FED FDIC Sally Mae GM ANY Home Owner under water Future "Bail Out" List: Wachovia Washington Mutual Citi Bank of America NOTE: There will be NO “Bail Out” for anyone that was responsible or prudent. They will pay for those that were not however!!! So what does this all mean for “We the People”? Well it certainly means that many things will go a lot HIGHER now… HIGHER taxes, HIGHER interest rates, HIGHER default rates, HIGHER foreclosure rates, HIGHER inflation, HIGHER unemployment. Also many things will go a lot LOWER now as well… LOWER wages, LOWER growth, LOWER tax revenue, LOWER level of services, LOWER number of home owners. So “We the People” will be getting JUST WHAT WE ASKED FOR when we voted the clowns into office yet again. Now maybe some of us that have not learned how this works will finally wake up and learn… maybe? VOTE EVERY SINGLE INCUMBANT OUT OF OFFICE NEXT ELECTION Let’s all send a very clear and meaningful message that we will NOT tolerate this incompetence any longer and give a new round of politicians a chance to correct these past mistakes. That or we do it all again next election and again the following one if needed. Personally I do it every election and have been for the last couple of them. I will continue to do so regardless of how well they do because I think the biggest issue is lobbyist, and without a standing force in office they are rendered useless… the way it should be!!! Paulson will do for the Treasury what Greenspan did for the Fed and Mr. B. is continuing to do…

The American tax payer will now “Bail Out” everyone possible and our taxes are about to go through the roof!!!

Current “Bail Out” List:

Bear Stearns
IndyMac
Freddie Mac
Fannie Mae
RE Speculators
RE Investors

Current “Bail Out” Watch List:

FED
FDIC
Sally Mae
GM
ANY Home Owner under water

Future “Bail Out” List:

Wachovia
Washington Mutual
Citi
Bank of America

NOTE: There will be NO “Bail Out” for anyone that was responsible or prudent. They will pay for those that were not however!!!

So what does this all mean for “We the People”?

Well it certainly means that many things will go a lot HIGHER now…

HIGHER taxes, HIGHER interest rates, HIGHER default rates, HIGHER foreclosure rates, HIGHER inflation, HIGHER unemployment.

Also many things will go a lot LOWER now as well…

LOWER wages, LOWER growth, LOWER tax revenue, LOWER level of services, LOWER number of home owners.

So “We the People” will be getting JUST WHAT WE ASKED FOR when we voted the clowns into office yet again. Now maybe some of us that have not learned how this works will finally wake up and learn… maybe?

VOTE EVERY SINGLE INCUMBANT OUT OF OFFICE NEXT ELECTION

Let’s all send a very clear and meaningful message that we will NOT tolerate this incompetence any longer and give a new round of politicians a chance to correct these past mistakes. That or we do it all again next election and again the following one if needed. Personally I do it every election and have been for the last couple of them. I will continue to do so regardless of how well they do because I think the biggest issue is lobbyist, and without a standing force in office they are rendered useless… the way it should be!!!

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/comment-page-1/#comment-3156 Marc Authier Tue, 22 Jul 2008 12:19:43 +0000 http://mrmortgage.ml-implode.com/?p=194#comment-3156 Au contraire ! Wachovia management should get a promotion to work in Washington. I am listenig to that jerk this morning Paulson. You are going to pay up your noooossseee! It's nice that these bastards at Goldman Sachs have all these slaves to pay for all their caca. Slavery by another name. Au contraire ! Wachovia management should get a promotion to work in Washington. I am listenig to that jerk this morning Paulson. You are going to pay up your noooossseee!
It’s nice that these bastards at Goldman Sachs have all these slaves to pay for all their caca. Slavery by another name.

]]> By: Shah of Plano http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/comment-page-1/#comment-3154 Shah of Plano Tue, 22 Jul 2008 12:04:08 +0000 http://mrmortgage.ml-implode.com/?p=194#comment-3154 Wachovia spent it's stock & cash like a drunken sailor. I live in N. TX the past year WAC was building banks on every corner. WAC bought AG Edwards at market top. WAC was a ROLL UP - it tried to BUY growth. Management should be BANNED from ever handling money again. Wachovia spent it’s stock & cash like a drunken sailor.
I live in N. TX the past year WAC was building banks on every corner.
WAC bought AG Edwards at market top.

WAC was a ROLL UP – it tried to BUY growth.

Management should be BANNED from ever handling money again.

]]> By: Art Vandeley http://mrmortgage.ml-implode.com/2008/07/21/wachovia-likely-shutting-down-wholesale-lending/comment-page-1/#comment-3138 Art Vandeley Tue, 22 Jul 2008 01:15:55 +0000 http://mrmortgage.ml-implode.com/?p=194#comment-3138 It's too bad for all the brokers who knew what they were doing and loved dealing with World Savings. I have several clients who've lost jobs here in Southern California during the downturn and are making the minimum payment on their World Savings loan (doesn't everyone?). These were the kind of people who didn't want to sell their home, so their only affordable loan option was the Neg AM. And World gave them 10 years (or 125%) before the re-cast would take effect. World had an excellent program for all those years and were the most realistic with regard to home value. Hopefully, Wachovia spins World Savings back off again. AV It’s too bad for all the brokers who knew what they were doing and loved dealing with World Savings.

I have several clients who’ve lost jobs here in Southern California during the downturn and are making the minimum payment on their World Savings loan (doesn’t everyone?). These were the kind of people who didn’t want to sell their home, so their only affordable loan option was the Neg AM. And World gave them 10 years (or 125%) before the re-cast would take effect.

World had an excellent program for all those years and were the most realistic with regard to home value. Hopefully, Wachovia spins World Savings back off again.

AV

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