The financial crisis on Wall Street has finally gotten to my IRA account. Just like many Americans that invested in Wachovia, i have lost 95% of the value. This is a bank failure, contrary to what FDIC is saying, it is time for folks to pay attention to their investment. This is really bad and something needs to be done quickly before the whole financial system collapse.
Personally, i am mad as hell. It seems to me this financial mess is bigger than what the folks in Wall Street are telling us.
The question now is: Which Bank will go bankrupt next?
We've seen two banks go under the water within 7 days. Bottom line, the economy is extremely bad.
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