Citigroup buys Wachovia

Re:Citigroup buys Wachovia by theantidote on Monday September 29, 2008 @12:35PM (#318491)

Well there goes my bank. Oh well, at least it didn't fail or anything and my account is always insured by the FDIC, although I'm not sure how one would go about collecting that insurance.

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Re:Citigroup buys Wachovia by fallentimes on Monday September 29, 2008 @02:28PM (#318622)

You won't need to - your deposit will just eventually be with Citi.

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Re:Citigroup buys Wachovia by samwise on Monday September 29, 2008 @07:13PM (#319011)

FDIC is a joke. http://en.wikipedia.org/wiki/FDIC

Just because you're insured up 100k doesn't mean the 100k will be worth that much when you get it. Printing money and giving it to people doesn't fix the problem. color me cynical

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