mvb_gvl (otherwise known as Rick): You are one stupid piece of crap.
Saying "Wachovia would have never ended up in the hands of Wells had they not purchased the California thrift" is akin to saying if the drunk had not passed out on the train tracks he would be alive today.
By the way, what does MF stand for? Spell it out little girl. Come on coward, take your thumb out of your mounth (or whatever you have there) and spit it out!
You are nothing but a racist no-neck Cracker. I have read you posts from other boards, such as:
Rick (or mvb_gvl) commented: "No one wants to say this but it is true. There are too many lazy blacks working in the postal service."
So Rick, no lazy white people work at the Post Offices in Atlanta, only lazy blacks. Well, I have to say one thing in your favor, you did use the term "blacks" instead of the word that I am sure you normally use. In fact, my guess is that you used that word in reference to me as you were preparing your ignorant post. Next time, why don't you go ahead and use it. Come on, I dare you!
Since you are disabled because of diabetes (usually referred to as "Sugar" in the South), do you receive welfare payments from the government? Because of this disablilty you say that you are forced to travel by MARTA and are unable to operate an automobile. So, do you even own a car?
I am curious as to whether or not you are able to to take MARTA to your weekly Klan meetings. I'll bet you are quite a sight on the MARTA train all dressed up in your robe. Will they let you ride with your hood.
You are another one who fits into that catagory.
Ken's biggest mistake was buying the Calif. thrift. His other purchases were good ones. Wachovia was in no danger of failing until the California purchase and all the liar loans they held of their books.
Wachovia's biggest mistake was not merging with SunTrust in 2001 instead going for a marriage with First Union.
Crutchfield was only interested in seeing First Union grow at any cost. He was trying to keep up with McColl who was already miles ahead of him.
Tyrone is an arrogant fool who thinks hes knows banking but in reality his knowledge would not fill a thimble. And you are stupid enough to agree with him.
HA, you are a dufus. You know nothing about what transpired at First Union and Wachovia in the years leading up to the bank's collapse. The home grown management team prostituted the balance sheet, they created a huge warehouse line that was ill managed, and in the years leading up to the collapse they were the nation's largest commercial lender, bigger than BofA. (have you ever heard of Ed Verrone?). They made the stupidest loans on the planet. All of this company killing strategy was originated in Nawth Carolina, by the local brain trusts. Ken Thompson was unfit to take over from that other a** clown Crutchfield. They thought they could play in the big boy sandbox and they got crushed. GoldenWest did not sink the company, it was already sunk.
"Their other acquisitions were good ones.." HA HA HA HA HA. R-Tard
Tyrone, you are the one without a clue.
The poster is correct. Wachovia would have never ended up in the hands of Wells had they not purchased the California thrift. The California thrift single-handedly sank the company. Their other acquisitions were good ones.
They would have experienced a downturn just like the other SE banks because the region was so hard hit. But they would not have ended up having to sell out to keep from going under.
You are really one stupid MF.
Rick: Calm down. Don't call people ugly names. My brother Norm is the Imam of the BB&T message board and he will not tolerate this type of behavior. Just a friendly warning - Norm will not hesitate to issue a Fatwa against you if this type of language persists.