Wachovia gives 8 Million to the GOP

Link to Dailykos article:


Out of money to loan the "little people" but not the GOP? Why, again, do we want them in NC?

This looks like a kickback for the bailout..



This is absolutely unconscionable. I'm so angry I can't even function...


Wachovia stocks tanked today by 28.85%. All the more reason they shouldn't be giving loans to risky entities like the NRCC while the deny credit to thousands of businesses, colleges and individuals.


Citigroup said late Thursday that it will not try to block a merger between Wachovia and Wells Fargo, but that it would continue to seek billions of dollars in damages after the Charlotte-based bank spurned a $2.2 billion deal proffered by Citigroup at the government’s behest.

That means the FDCI-brokered deal that had the feds assuming a huge chunk of potential losses is off the table. But as noted below, it's important to remember that Wachovia is only alive now because of the promise of FDIC backing -- i.e., U.S. taxpayers may not end up footing the bill, but they made the loan to the NRCC possible.

and away the Wachovia honchos go to the Greek Isles

As ailing Wachovia Corp. waits to see whether it will be acquired by Wells Fargo & Co. or Citigroup Inc. -- possibly with taxpayers paying the tab for hundreds of billions of dollars in bad loans -- some of the company's top brokers are preparing to depart Saturday for an all-expenses-paid cruise of the Greek Isles.

The weeklong trip for up to 75 employees of brokerage A.G. Edwards, which Wachovia acquired last year for nearly $7 billion, will also include spouses and significant others, said Teresa Dougherty, a Wachovia spokeswoman.

"This is one way that we recognize our top financial advisors," she said.

azureblue, linky please

No matter that patriotism is too often the refuge of scoundrels. Dissent, rebellion, and all-around hell-raising remain the true duty of patriots.

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