Welcome to PerezHilton.com
Welcome to PerezHilton.com - Hollywood's Most-Hated Web Site!
Celebrity Scoop Goes Here
E-mail Perez@PerezHilton.com

Report technical problems.
Perez Posse signup FAQ

Contact us to advertise on PerezHilton.com



Wear it, share it, give it, get it! Represent!

Jump to your favorite celebrity

Articles by date

More Craziness In The U.S. Banking Industry

Filed under: Business Blitz

Citigroup is buying Wachovia - with the help of the U.S. government.

Happy Monday!

32 comments to “More Craziness In The U.S. Banking Industry”



  1. 1

    exciting stuff



  2. 2

    Wow!! Interesting. Luv Ya Perez!!



  3. 3

    it's always something.



  4. 4

    We going to Hell in a bucket ,so sit back and enjoy the ride!



  5. 5

    Re: mandzie f babyRe: mama of 2 – Moring ladies.



  6. 6

    Honestly DOES ANYONE here give a SHIT??? IS THIS THE WALL STREET JOURNAL?



  7. 7

    yawn.



  8. 8

    It's no wonder the average american is making such poor financial decisions. Look at the example that is set for us…get in a little money trouble and you don't have to actually make good on what you signed on the dotted line for…pass the burden on to someone else…does anyone keep their word these days?



  9. 9

    Re: harrybalsac – morning.



  10. 10

    fuck monday

  11. Sal says – reply to this


    11

    Darn it…Now one more bank///You all may want to start thinking twice about trusting your bank with your money. I mean how many banks can go under and the government back up…Food for thought…My grandma use to leave her cash at home because she lived durning the great dep….May be time to start keeping cash at home like grandma did.

  12. d0nnA says – reply to this


    12

    PerezHilton.com is not where I come for financial news. Stick to celebrities, please. Thx

  13. Sal says – reply to this


    13

    Re: LynnCis – I do not think people don't want to not keep their word..It more like. They either feed their family and put gas in their cars to go to work or pay off debt… I mean what would you do?



  14. 14

    Maybe you shouldn't blog about things you don't understand, Perez. Banking firms like JPMorgan Chase and Citigroup are saving the economy. But hey, if you want to experience the Great Depression II then be my guest.



  15. 15

    The Government helping out is one thing entirely, but banks being bought out is nothing new. I worked at a bank for over 6 years and the name changed 3 times.



  16. 16

    Privatize the PROFITS and socialize the losses - always the sam egame of those corporate managers and Republican politicians!



  17. 17

    WHY DO THEY LET FUCKEN BUSH MAKE ANY DECISIONS….. KICK THAT MOTHER FUCKER OUT RIGHT NOW…THIS IS SO FUCKEN STUPID



  18. 18

    yeah it is all George Bush's fault that the banks are being bought over you moron, banks have been going under since before Bush was president.



  19. 19

    Re: bayvillecourtney – i love when republicans try to stick up for bush, gives me something to laugh at.



  20. 20

    Oh great….. now we're treated to financial op-eds from a guy who draws cum stains on celebrity photos.

    Perez, stick to what you understand.

    .



  21. 21

    LIES AND MORE LIES AND MORE STEALING MONEY AND KILLING PEOPLE AND MORE CONTROL AND MORE BULLSHIT AND MORE WAR AND MORE ILLUMINATI REPTILIAN FREEMASON PROPAGANDA 911 NEW WORLD ORDER CONSPIRACY THEORIES PEACE AND PROSPERITY
    RON PAUL FOR PRESIDENT PLZ



  22. 22

    who will be bought out next week. in as the bank turns



  23. 23

    Let's look at the educational background of the candidates and see what
    they bring to the job:

    Obama:
    Occidental College - Two years.
    Columbia University - B.A. political science with a specialization in
    international relations.
    Harvard - Juris Doctor (J.D.)

    & Biden:
    University of Delaware - B.A. in history and B.A. in political science.
    Syracuse University College of Law - Juris Doctor (J.D.)

    vs.

    McCain:
    United States Naval Academy - Class rank 894 out of 899 (meaning that,
    like George Bush, McCain was at the bottom of his class)

    Palin:
    Hawaii Pacific University - 1 semester
    North Idaho College - 2 semesters - general study
    University of Idaho - 2 semesters - journalism
    Matanuska-Susitna College - 1 semester
    University of Idaho - 3 semesters - B.A. in journalism

    Now, which team are you going to hire to lead the most influential nation in the world?



  24. 24

    Re: Bavaria – I AM GOING TO BE IN MUNICH IN NOV

  25. Eddy says – reply to this


    25

    Perez, why do you act like you know what is going on?



  26. 26

    Re: vengance

    YES PEOPLE DO give a shit. Especially those of us who WORK for WACHOVIA in Charlotte.

  27. MamaB says – reply to this


    27

    I think this is the bailout is the biggest mistake our country could make right now, and I am taking into consideration the past 8 years as well. IF YOU CAN'T RUN A BUSINESS, YOU GO OUT OF BUSINESS. Period! It's called a free market. Government can't go changing the rules in the middle of the game. What about all the small businesses that went under during this crappy recession? Government didn't bail us out. They taxed the crap out of us… All I can say is buy gold. Oh and China will own us soon. How sad!



  28. 28

    Wachovia is my bank! Is my account going to be fucked up??



  29. 29

    Re: mama of 2 – Yeah. Some people DO give a shit. Some people LOST THEIR JOBS from this. You're an idiot.



  30. 30

    Re: davey1291 – My bad. That was supposed to go to vengance's comment. I can't click right. X_X
    No harm to mama of 2!



  31. 31

    Citi owns everything !



  32. 32

    There is absolutely no reason not to leave your money in the bank if you have less than $100k in personal savings under your name. The FDIC insures your money. Know all those annoying fees your bank charges you? That goes to the FDIC so your money doesn't vanish into thin air.

    If you have more than $100k sitting around, or its in a money-market account, then you have something to worry about. But Joe Shmoe with $10,000 in the bank is not going to be broke tomorrow.