Wachovia Layoff

No Joy in Portland, Oregon said: Also furniture is harder to ship so might want to list some of that on your local craigslist.com site as its free! Ebay costs and they get you everywhere they can as one might expect. Good time right now on ebay as some specials on picture fees til the 12th!! Willing to help anyone who's interested!

You just found your niche! Write a little how to guide, I will buy!

I am so sorry you are going through this. You are right, being positioned to be fired is the worst. The longer I hear this stuff the more I want to get out of this industry & go back to school. I'm older but it's never too late. I need to feel valued in my career and this "begging" for an entry level job is ridiculous. I would rather lean on academia to redeem my value as I'm worth more than this. .

You are correct here! Over the years I saw a close relative reinvent himself a few times and part of that was returning to school in his mid-forties. I am a huge advocate of returning to college. I didnt go to college right out of highschool but had parents that badgered me about this and I graduated college at 30 years old. That college degree has opened a couple of doors for me through the years so if at all interested, just do it!

SOCA Appraiser in California said: I am so sorry you are going through this. You are right, being positioned to be fired is the worst. The longer I hear this stuff the more I want to get out of this industry & go back to school. I'm older but it's never too late. I need to feel valued in my career and this "begging" for an entry level job is ridiculous. I would rather lean on academia to redeem my value as I'm worth more than this. .

You are correct here! Over the years I saw a close relative reinvent himself a few times and part of that was returning to school in his mid-forties. I am a huge advocate of returning to college. I didnt go to college right out of highschool but had parents that badgered me about this and I graduated college at 30 years old. That college degree has opened a couple of doors for me through the years so if at all interested, just do it!

I have a degree also but not as applicable in the business environment. I'm also older than you but it's never too late. I need the extra education to make me more competitive because I'm older. They say age discrimination is not legal but it's there. So to all of you in your 40's, wait until you're in your 50's. Big eye awakening. Everyone thinks you should take it easy and promotions become harder to compete with the younger folks. So I figure if I can get my masters I'll be a force to be recognized as a valuable player in the game. And game is what it is.

snoopy in nowhere, Mississippi said: another world somewhere in sac. did you see this one.

Press Room

LendingTree Acquires Outstanding Stake of LendingTree Settlement Services from Wachovia's GreenLink

Charlotte, N.C., November 10, 2005 – LendingTree®, LLC announced today it has acquired the remaining stake in LendingTree Settlement Services, LLC (LTSS) from Wachovia’s GreenLink, LLC.
here is the link for the complete article.
www.lendingtree.com/stm3/pressroom/PressReleaseDtl.asp?PRID=243
this is a similar article with a newer date. i think there has been ap;an all along.

I fell asleep on you two! (that didnt come out right) but you know I do not sleep much so it was great!

Thanks for sharing this article and being the Beagle I know you are! Need to go drive my property now, thankful for this one per day at the very least!

Nameless from no-where said: I have a degree also but not as applicable in the business environment. I'm also older than you but it's never too late. I need the extra education to make me more competitive because I'm older. They say age discrimination is not legal but it's there. So to all of you in your 40's, wait until you're in your 50's. Big eye awakening. Everyone thinks you should take it easy and promotions become harder to compete with the younger folks. So I figure if I can get my masters I'll be a force to be recognized as a valuable player in the game. And game is what it is.

I support your endeavor 150%. My sister got her MBA to help her as she is in a male dominated field. It was her feeling she was being passed over due to gender.True or not, she did this for herself and I am very proud of her.

Another World in Somewere, California said: FYI
Just did a job search on the wb website for CA, they have 36 openings for PMB Loan Consultant's, and 1 District Manager-Appraisal (Fresno)

if fresno is in the central valley they are in big trouble with forclosures. maybe there is something there that can work out for some people.

Nameless from no-where said: I have a degree also but not as applicable in the business environment. I'm also older than you but it's never too late. I need the extra education to make me more competitive because I'm older. They say age discrimination is not legal but it's there. So to all of you in your 40's, wait until you're in your 50's. Big eye awakening. Everyone thinks you should take it easy and promotions become harder to compete with the younger folks. So I figure if I can get my masters I'll be a force to be recognized as a valuable player in the game. And game is what it is.

Makes one be much more appreciative of Marion Sandler! She opened many doors for women via WSL. It could not have been easy for her at all in the 60's! As a fee appraiser I would be the only woman in the room during a class, very typical. At WSL I was amazed at not only all the female appraisers but also the opportunities.

Oh it is illegal but race;gender;age discrimination still very much exists and thriving.

Everyone have a nice day.

right up my alley, well said. i also want to know when these changes came along. i could write a book on the subjects stated here, my opinion of course. its sickening.

SOCA Appraiser in California said: I fell asleep on you two! (that didnt come out right) but you know I do not sleep much so it was great!

Thanks for sharing this article and being the Beagle I know you are! Need to go drive my property now, thankful for this one per day at the very least!

see you when you get back. be safe.

No Joy in Portland, Oregon said: Also furniture is harder to ship so might want to list some of that on your local craigslist.com site as its free! Ebay costs and they get you everywhere they can as one might expect. Good time right now on ebay as some specials on picture fees til the 12th!! Willing to help anyone who's interested!

hi portland. if you really are in portland, i'm seeing the news about the floods and it looks bad. apparently you are ok?

research update. have a look at this link if you have the time. think the comments here about wac are something.

www.dealbreaker.com/2007/10/post_563.php

preview
Is Getting Laid Off From Wachovia Bank Really Much Worse Than Having To Admit You Work At Wachovia Bank? Several Of Wachovia Bank's (Former) Employees Will Soon Find Out
Following an 80 percent drop in third quarter investment banking profits, Wachovia Bank has asked about 200 workers from its corporate and investment banking units in Charlotte, North Carolina and New York to stop coming in to the office. Apparently the severance package for first year analysts is 85K. Will 93-percent-decline-in-profits-from-investment banking-and-sure-to-be-letting-at-least-one-million-employees-go Bank of America do better? We'll let you know (or you'll let us know. Either way, information will be transmitted. there are many good opnes but the one that says it all is :
---kers (edited) can change your name, but youre still First Union and you still -uck.

hellooooooo

snoopy in nowhere, Mississippi said: hellooooooo

what up?

I remember who rc was, and is now in vegas.

SoCa, you may be right on the 13th. roundtable here with LS on the 13th. did you go to one of these?

somewhere in the chaos in Arizona said: what up?

I remember who rc was, and is now in vegas.

yes good call. what's going on? i decided that the 11th might be a good day for the pool date because this is the day the fed will announce its cut. could be an indicator.

snoopy in nowhere, Mississippi said: yes good call. what's going on? i decided that the 11th might be a good day for the pool date because this is the day the fed will announce its cut. could be an indicator.

seeing as how I'm not one particullary desiring to leave my job and get a severance, I kinda wish this month was over already. I'm dreading all these meetings...

for those looking to get away from this silly social network of appraisals and start talking about real layoffs then please see the new blog "Real Wachovia Layoffs - No Appraisal Talk Allowed".

-GHWB

somewhere in the chaos in Arizona said: seeing as how I'm not one particullary desiring to leave my job and get a severance, I kinda wish this month was over already. I'm dreading all these meetings...

like the rest of us, that is all we can do i'm afraid. i suppose the choisce is to go to work as if the atmosphere was still world, do the best you can with what you have to work with and act like nothing is coming down the road in a negative manner. what other options does anyone have anyway?

George Bush in District of Columbia said: for those looking to get away from this silly social network of appraisals and start talking about real layoffs then please see the new blog "Real Wachovia Layoffs - No Appraisal Talk Allowed".

-GHWB

thats not nice. even appraisers are going to effected, george lol

George Bush in District of Columbia said: for those looking to get away from this silly social network of appraisals and start talking about real layoffs then please see the new blog "Real Wachovia Layoffs - No Appraisal Talk Allowed".

-GHWB

that site is booming. lol i think you need to get a grip. people need to talk their way through what ever they are going through. in case you haven't noticed, the economy is in the tank and along with this senseless activity at wac and the senseless merger s---. what do you think is is different for any one group than another? there are no special people here regarding the layoff, everyone is in the same boat facing the 'STORM OF THE CENTURY". on a very personal level.

somewhere in the chaos in Arizona said: SoCa, you may be right on the 13th. roundtable here with LS on the 13th. did you go to one of these?

We had our roundtable a few weeks ago.
It was ask any question you like. It was good.

George Bush in District of Columbia said: for those looking to get away from this silly social network of appraisals and start talking about real layoffs then please see the new blog "Real Wachovia Layoffs - No Appraisal Talk Allowed".

-GHWB

Wow! What an arse!

snoopy in nowhere, Mississippi said: that site is booming. lol i think you need to get a grip. people need to talk their way through what ever they are going through. in case you haven't noticed, the economy is in the tank and along with this senseless activity at wac and the senseless merger s---. what do you think is is different for any one group than another? there are no special people here regarding the layoff, everyone is in the same boat facing the 'STORM OF THE CENTURY". on a very personal level.

Last time I checked, this was a public forum? Topics of bloggers choice could be posted and likely have created a new discussion. HMMM. Censorship in a public forum? That is rich! Interesting but not suprising screen name considering the intent is to censor.

SOCA Appraiser in California said: We had our roundtable a few weeks ago.
It was ask any question you like. It was good.

what came out of the roundtable, if i may ask.

SOCA Appraiser in California said: Wow! What an arse!

leave it to the snoop to put them in their place..

that is why i posted a new blog. Thank you for your input SOCA i did not come to censor but to give people an alternative to what used to be a reliable source for layoff information which quickly got out of control and over run by a select few.

snoopy in nowhere, Mississippi said: what came out of the roundtable, if i may ask.

It was an attempt to calm nerves as best as could be done. People got to voice their frustrations.
It was good in the respect that communication was made with the chief!

SOCA Appraiser in California said: Last time I checked, this was a public forum? Topics of bloggers choice could be posted and likely have created a new discussion. HMMM. Censorship in a public forum? That is rich! Interesting but not suprising screen name considering the intent is to censor.

very good. i also noticed they are trying to get e-mail addresses? or did i read that wrong.

There are many people reading & writing information that are not from appraisal. I'm not even with WB anymore but do find this site healing when I start to feel that downward slide into feeling down & it picks me up to know I'm not alone out here.

I think many people who have been laidoff recently it's too painful to blog yet. It really hurts in the beginning. I didn't want to talk to anyone when it first happened let alone go on a computer.

There are many appraisers on here but we were all from the same company and the same team. Position has nothing to do with it.

Just in case any originators are laidoff and looking Countrywide is hiring. Blog on here if you want to know more. I also know National City is hiring. I know these companies have had some negative comments on here but every company right now is having their share of losses and issues. Just thought I'd put it out there.

SOCA Appraiser in California said: It was an attempt to calm nerves as best as could be done. People got to voice their frustrations.
It was good in the respect that communication was made with the chief!

that is helpful isn't it. communication where there hasn't been any.

George Bush in District of Columbia said: that is why i posted a new blog. Thank you for your input SOCA i did not come to censor but to give people an alternative to what used to be a reliable source for layoff information which quickly got out of control and over run by a select few.

Nobody stopped you from blogging. It was your personal choice.

George Bush in District of Columbia said: that is why i posted a new blog. Thank you for your input SOCA i did not come to censor but to give people an alternative to what used to be a reliable source for layoff information which quickly got out of control and over run by a select few.

fell free to jump in any time you like. this is a open forum. please don't fell you are being left out of loop here. and it would be good manners to not direct your foul attitude to any particular.

George Bush in District of Columbia said: that is why i posted a new blog. Thank you for your input SOCA i did not come to censor but to give people an alternative to what used to be a reliable source for layoff information which quickly got out of control and over run by a select few.

Why are you still here? Careful, I might run you over!
BEEP BEEP

snoopy in nowhere, Mississippi said: fell free to jump in any time you like. this is a open forum. please don't fell you are being left out of loop here. and it would be good manners to not direct your foul attitude to any particular.

I am not feeling very kind right now. I was quite offended but glad to see you still are able to maintain your good manners. Thanks Snoopy

SOCA Appraiser in California said: Nobody stopped you from blogging. It was your personal choice.

yes, so how is it different for someone in upper management, appraisal, loan reps, or whatever. laid off is laid off, no money is no money, etc. tell us george how it is different for you.

SOCA Appraiser in California said: I am not feeling very kind right now. I was quite offended but glad to see you still are able to maintain your good manners. Thanks Snoopy

whats up?

www.charlotte.com/123/story/387645.html

Another interesting article.

snoopy in nowhere, Mississippi said: whats up?

Cranky from all the non sleep and then come in here and see that appraisers are not condiered part of the team per George.

Thanks Nameless for your post!

You know Snoopy, I think this must be the one asking us the other night how to create a forum. They would chat when something was needed!

I am not sure of your direction on that question Snoopy but you are right. A lay off is a lay off. It is how you react to the layoff is what makes the difference. One can always get another job and fortunate for us there is a separation package where other companies gladly hand out pink slips. One can not prevent the inevitable from happening and worrying about it doesnt help either, however, if you find comfort in talking here that is fine. i am just looking for a more focused group in the other blog.

SOCA Appraiser in California said: Cranky from all the non sleep and then come in here and see that appraisers are not condiered part of the team per George.

Thanks Nameless for your post!

You know Snoopy, I think this must be the one asking us the other night how to create a forum. They would chat when something was needed!

could be. please try to feel better if you can. the lack of sleep then crashing out is not healthy but i think you already know that. i also wonder why that "george" person thinks their situation is different? help me out here.

Nameless from no-where said: www.charlotte.com/123/story/387645.html

Another interesting article.

Good article! Thanks Nameless!

George Bush in District of Columbia said: I am not sure of your direction on that question Snoopy but you are right. A lay off is a lay off. It is how you react to the layoff is what makes the difference. One can always get another job and fortunate for us there is a separation package where other companies gladly hand out pink slips. One can not prevent the inevitable from happening and worrying about it doesnt help either, however, if you find comfort in talking here that is fine. i am just looking for a more focused group in the other blog.

well, that better. we started off that way and from time to dime digress to other avenues to break the bordom and stress. if you can find a better way, go for it. i am to informed in the world econonics and current events to have a great outlook. i also know more of what is going on in the appraisal industry, quite by accident and choose to pass it along to others here. that said, have your new blog, no worries, be happy.

SOCA Appraiser in California said: Good article! Thanks Nameless!

agreed. i'm sure there will be more of these as time goes on. i think they give good insight.

snoopy in nowhere, Mississippi said: agreed. i'm sure there will be more of these as time goes on. i think they give good insight.

True. The banks have to start really acknowledging what is happening, head in the sand, is no longer working

It always amazes me the power that large organizations have in the world. WB recent issuing of 2.5 billion in bonds is an example of "printing money". It's funny how so few investors truly realize the impact that a move like that should have on a company's stock price.

Nov 30 (Reuters) - Wachovia Bank NA on Friday sold $2.5 billion in 30-year subordinated bank bonds, said market sources.

Wachovia Securities LLC was the sole book-running manager for the sale. BORROWER: WACHOVIA BANK NA AMT $2.5 BLN COUPON 6.60 PCT MATURITY 1/15/2038 TYPE SUB BANK BDS ISS PRICE 99.792 FIRST PAY 7/15/2008 MOODY'S Aa2 YIELD 6.615 PCT SETTLEMENT 12/7/2007 S&P AA-MINUS SPREAD 220 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE

SOCA Appraiser in California said: True. The banks have to start really acknowledging what is happening, head in the sand, is no longer working

they know, but when your busy counting the beans, you forget to look up.

Life Goes On in Mountain, Colorado said: It always amazes me the power that large organizations have in the world. WB recent issuing of 2.5 billion in bonds is an example of "printing money". It's funny how so few investors truly realize the impact that a move like that should have on a company's stock price.

Nov 30 (Reuters) - Wachovia Bank NA on Friday sold $2.5 billion in 30-year subordinated bank bonds, said market sources.

Wachovia Securities LLC was the sole book-running manager for the sale. BORROWER: WACHOVIA BANK NA AMT $2.5 BLN COUPON 6.60 PCT MATURITY 1/15/2038 TYPE SUB BANK BDS ISS PRICE 99.792 FIRST PAY 7/15/2008 MOODY'S Aa2 YIELD 6.615 PCT SETTLEMENT 12/7/2007 S&P AA-MINUS SPREAD 220 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE

they just took the lead from the federal reserve. print money and lend it out and charge interest ON NOTHING. brillant scheme. print paper that is worthless and then charge interest on it. what a concept, i think it is catching on.

snoopy in nowhere, Mississippi said: they know, but when your busy counting the beans, you forget to look up.

I still think there will be much bean counting in the next week or two!

actually i think their mentor lincoln savings did the same thing. they called them "junk bonds"

SOCA Appraiser in California said: I still think there will be much bean counting in the next week or two!

your tone has that "conviction" sound. and i do agree however but likely from a different prospective.