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Old 07-25-2008, 07:50 PM
Location: Princeton, New Jersey
937 posts, read 701,068 times
Reputation: 177


Originally Posted by gregandvicky View Post
If a person has a Wachovia Securities account, not cash, just equities and no Wachovia stock, just a brokerage account, can this be effected if Wachovia Bank has problems.

I assume that securities held in someones name by Wachovia Securities are safe and far as the equities themselves stand, as far as Wachovia Bank problems go, this should not effect brokerage accounts???????????

Who would be best to simply house investments with less than 3 trades a year?

I understand some have no fees with certain account balances.
Not that I know of.
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Old 07-26-2008, 11:23 AM
532 posts, read 798,807 times
Reputation: 128
Thumbs down wamu credit cards

Originally Posted by Nor'Eastah View Post
Wachovia and WaMu are both toast. Their stock may rise and dip this summer on thin trading, but the fireworks will begin this fall. Should really be something to watch.

Meanwhile, don't get caught in any sucker's rally. Financials are dangerous right now, and nowhere near putting in a bottom.
How will their precarious position affect their customers who have their credit cards? I have a wamu credt card. Should I be concerned?
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