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Financial Impact to CT Towns (Hartford, Fairfield: insurance, houses, live in)

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Old 09-28-2008, 08:14 AM
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Default Financial Impact to CT Towns
http://finance.yahoo.com/real-estate...nancial-Crisis

Darien, Westport and Hartford mentioned in this Yahoo article. Charlotte, NC mentioned as well.
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Old 09-28-2008, 08:41 AM
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Yes, many areas that are obvious like Southwestern CT, Greater NY, Hartford and Charlotte (home to Wachovia) will be suffering, among other areas like in South Dakota (Citi)
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Old 09-28-2008, 08:55 AM
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Maybe that infusion will quell some of that. However...its likely that instead of using taxpayer dollars, they will simply print more money, which might actually curtail some of those exotic vacations. Our dollar has a rope with a cement block attached to it.
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Old 09-28-2008, 10:47 AM
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Default Article not accurate?
This article says Hartford, CT will be impacted by potential job losses from the "thousands of jobs" at Bank of America and Merril Lynch??? Huh??? While both organizations may have some jobs in Hartford, I don't think it is any where near "thousands"???
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Old 09-28-2008, 11:21 AM
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Originally Posted by ME43 View Post
This article says Hartford, CT will be impacted by potential job losses from the "thousands of jobs" at Bank of America and Merril Lynch??? Huh??? While both organizations may have some jobs in Hartford, I don't think it is any where near "thousands"???
I didn't understand Wethersfield being mentioned in the article either. Why Wethersfield?
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Old 09-28-2008, 11:41 AM
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Connecticut has had a minor impact regarding the financial meltdown. Fairfield county will have more problems then Hartford.
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Old 09-28-2008, 12:08 PM
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Originally Posted by bibit612 View Post
I didn't understand Wethersfield being mentioned in the article either. Why Wethersfield?
I'd have to guess that it has a larger share of mid-level employees who work in the Hartford financial sector. Those working stiffs always get the axe before the corporate executives who live in the more upscale towns.
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Old 09-28-2008, 04:50 PM
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Wethersfield??? It is not exactly the financial capital of the world. I doubt this will be the case. JMHO, Jay
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Old 09-29-2008, 10:26 AM
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Maybe the insurance companies (that are investment houses indirectly) invested in mortgage-backed securities.
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Old 09-29-2008, 11:42 AM
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Originally Posted by JayCT View Post
Wethersfield??? It is not exactly the financial capital of the world. I doubt this will be the case. JMHO, Jay
I agree. Even in Darien (where I spent my Sunday), it didn't seem like people were significantly impacted. Actually just being downtown made me wonder if there really is a financial crisis...lol...
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