Archive for September, 2008

30
Sep

Another Buy: Citi Wants a Piece of Wachovia’s Badonkadonk

Posted by The Weakonomist in Tuesday, September 30th 2008   2 comments already   

Remember yesterday when I talked about Wachovia remembering my original post about them hunkering down?  Looks like they hunkered a bit too far.  To the template!
What Happened?
Amid the fallout of the WaMu failure and takeover, rumors about a Wachovia failure came to the front.  The funny thing about these failures is they’re self-fulfilling.  Over the [...]

under: banking, business, economics, government, investing, jobs    
29
Sep

How to Deal With a Phisher

Posted by The Weakonomist in Monday, September 29th 2008   1 comment so far   

I received an email this weekend from Lolly.  Lolly, is a phisher, she wanted me to help her transfer some money out from Holland.  Feel free to send Lolly an email like I did.  Here’s my response:
Lolly!
Thanks so much for reaching out to me, I’m in the perfect position to help you out.
In [...]

under: personal, technology    
29
Sep

Another Buy: JP Morgan Chase Becomes JP Morgan Chase WaMu

Posted by The Weakonomist in Monday, September 29th 2008   Comments Off   

I doubt that name would stick, its too long already.  I like the name of WaMu, but Washington Mutual is boring.  Expect this purchase to eliminate the WaMu brand altogether.  
So once again, we do the format of the financial crises analysis:
What Happened?
WaMu (slogan: “Whoo Hoo!”, no joke) was one of those banks that [...]

under: banking, business, economics, government, investing    
27
Sep

Weakonomics Weekend Edition: I Am Ready For Some Football!

Posted by The Weakonomist in Saturday, September 27th 2008   Comments Off   

I do have a few readers from overseas places like Canada, Mexico, and Wyoming so I want to clarify that this is American Football.  I’m talking 350 lbs 6′7″ diabetics pushing eachother around football.  Not your silly game where you actually use your foot.  Just kidding, I love “soccer” and played it quite a bit [...]

under: personal, weakend    
26
Sep

The Weakonomist Finds a Friend in Qvisory

Posted by The Weakonomist in Friday, September 26th 2008   1 comment so far   

Remember some weeks back I did a weekend edition on Qvisory?  They are basically an AARP for my generation (18-34).  They have a blog, and up until September 23 it was a pretty good blog.  But they seem to think I know what I’m talking about and asked me to re-post some of my blogs [...]

under: personal, personal finance    
25
Sep

AIG: American International Group or Almost Insolvent Group?

Posted by The Weakonomist in Thursday, September 25th 2008   3 comments already   

Maybe its the All In Group, or American Insurance Giant?  Whatever it is, The Fed decided they were too big to fail.  Two months after President Bush said we would not bail out private industry, we’ve bailed out the largest portion of the mortgage market (Fannie/Freddie) and now the largest insurer on the planet.
It’s sad [...]

under: banking, economics, government, loans    
24
Sep

Let the Congressional Games Begin: Adding Fat to Legislation

Posted by The Weakonomist in Wednesday, September 24th 2008   Comments Off   

The article linked below from Market Watch is the perfect example of the problems with our government.  Stuff just can’t get done…
The reaction to the news of our government buying up billions of bad debt from all the banks was mixed.  If you own stock in these banks (like I do) you were likely very [...]

under: banking, economics, government, loans    
23
Sep

What Happened With the Investment Banks?

Posted by The Weakonomist in Tuesday, September 23rd 2008   Comments Off   

Obviously the big news lately revolves around the credit crunch.  AIG’s problems stem from it as well.  But the most shocking news has been the fallout of the largest investment firms history has ever known.  Bear Stearns, Merrill Lynch, and Lehman Brothers are all but dead.  Merrill will live on only as a brand of [...]

under: banking, business, economics, government, investing    
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