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09-28-2008, 12:49 PM
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Join Date: Jan 2001
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Hmm, glad my money's out of Wachovia.
I'm thinking about just hiding it under my mattress. 
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09-29-2008, 01:14 PM
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It's official...Wachovia has been purchased by Citigroup. Isn't Citi owned by the Saudi royal family?
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09-29-2008, 08:56 PM
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Quote:
Originally Posted by PeppyGPhiB
It's official...Wachovia has been purchased by Citigroup. Isn't Citi owned by the Saudi royal family?
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I couldn't find that info. Where should I look?
ETA: http://money.cnn.com/2007/11/08/news...tune/index.htm
"In the midst of staggering losses and intense public scrutiny, former Citigroup CEO Charles O. Prince III could always count on the support of the company's biggest individual shareholder: Prince Alwaleed bin Talal bin Abdul Aziz al Saud. Less than a month ago, the Saudi prince, who owns 3.6% of the company, even dismissed a sharp drop in earnings as a 'mere hiccup.'"
He is the single biggest share holder, but at 3.5%, I'm not sure if it makes sense to say he or his family owns the company.
Last edited by UGAalum94; 09-29-2008 at 09:01 PM.
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09-29-2008, 10:05 PM
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GreekChat Member
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Join Date: Aug 2006
Location: The Emerald City
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Quote:
Originally Posted by UGAalum94
I couldn't find that info. Where should I look?
ETA: http://money.cnn.com/2007/11/08/news...tune/index.htm
"In the midst of staggering losses and intense public scrutiny, former Citigroup CEO Charles O. Prince III could always count on the support of the company's biggest individual shareholder: Prince Alwaleed bin Talal bin Abdul Aziz al Saud. Less than a month ago, the Saudi prince, who owns 3.6% of the company, even dismissed a sharp drop in earnings as a 'mere hiccup.'"
He is the single biggest share holder, but at 3.5%, I'm not sure if it makes sense to say he or his family owns the company. |
Well, that's why I added the question mark - it was a question.
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Gamma Phi Beta
Love. Labor. Learning. Loyalty.
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10-09-2008, 09:17 PM
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GreekChat Member
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My father, of all people, sent me this link, he even added a "LOL".
The 401Keg Plan
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10-11-2008, 10:42 PM
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GreekChat Member
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10-12-2008, 03:16 PM
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GreekChat Member
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Join Date: Aug 2003
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I simply have this totally helpless feeling about all of this. I decided I have to let it go. As I told the kids, as long as I have a job, we'll be ok. They are feeling the fear from all of the adults around them and the news reports. And, if worse comes to worse, well, my brother and I haven't yet sold my mom's condo so I'm sure he'd let me live there for what it's costing us to carry it if something disastrous occurred.
When we've had natural disasters, people donate money, have blood drives, etc. After 9/11, we had prayer vigils and blood drives, and donations, we hung flags.. there were things we could DO that helped us make it better somehow. With this national crisis, it doesn't feel like there's anything we can DO. We just keep watching the market, and hoping it gets better soon.
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