What are the chances that Wachovia Bank Corporation will go under?

Question

Is Wachovia in as bad a condition as Freddie Mac and the other banks which have recently gone under?

Answer 1

I think Wachovia isnt doing as bad as some of the banks out there, but i heard an expert say that Wachovia is on the border of going on to the watch list

please dont rush to your local branch and start taking a ton of money out right way. that would only fuel the flames.

Answer 2

According to Bush, every thing is rosy and peachy all over. don't worry about anything. Lol!!

On a serious note, I don't think their is a way to tell. The OTS leaked out info on Indy Mac Bank and that is why people pulled out millions of dollars out of the bank and it ultimately killed them.

Answer 3

Wachovia has an asset base that is far more diversified and alot less supplemet dependant that Fannimae or Freddimac. So it is highly unlikely that they will be in jeopardy