financial bailout

My Bank Was Bought Out

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Wachovia’s banking operations were bought by Citi today.  I have an account at Wachovia.  It isn’t my primary account but I do use it on a regular basis.  Looking over the information Wachovia has provided about the sale it looks like the sale won’t affect me at all.  This is the first that the financial turmoil has directly affected one of my financial accounts but it just isn’t a big deal.  The only thing I’m somewhat concerned about is whether they will honor the Way2Save bonus.

My advice on handling the current financial turmoil.  Pay attention but don’t freak out.

The Requisite Financial Bailout Post

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There are plenty of posts about the financial bailout already but since I’m writing a personal finance blog I feel required to write about it as well, but I’ll keep it short.

I’m against the bailout but I think it is inevitable that some form of bailout will happen.  I’m not too worried about it right now.  I’ll probably be more worried about it when the bill for the bailout comes due.  Many are saying that if we don’t have a bailout it will be bad for everyone.  I don’t know if that is true or not but it seems hard to believe.

So far all the financial turmoil hasn’t affected me personally and I don’t think it will.  I can understand people being ticked off about the bailout but it doesn’t really do any good to worry that the economy is going to collapse.  My life was good at the beginning of the year and it is still good now.  Until that changes for the worse or looks like it is going to I’m not going to worry.