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1st Nat. Bank of Az. & GreenPoint Mtg Closed doors today.

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Bo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 03:43 PM
Original message
1st Nat. Bank of Az. & GreenPoint Mtg Closed doors today.
Source: Lender Implode

I just received a call from Az. saying 1st National Bank of Arizona is NO longer accepting any Mtg applications and closed it's doors. This Morning Green Point a Capital One Company stopped taking Mtg. Loan apps as well and closed it's doors. Economy is on a roll!!!

Read more: www.lenderimplode.com
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 03:48 PM
Response to Original message
1. The little ones are falling, when do the big ones begin to fall?
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saracat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 03:48 PM
Response to Original message
2. And so it begins. Will this be Clinton's fault too? George has had only 6 years of an * year run!
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ashling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 03:49 PM
Response to Original message
3. This frees their employees to go out
and work 3 jobs. Isn't that uniquely American? The American way. :sarcasm:
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BluePatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 04:16 PM
Response to Reply #3
7. Don't forget all the time they have to re-train!
Why, they can use the experience to take a hard look at their desires and go after their dreams! :sarcasm:
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Fridays Child Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 03:51 PM
Response to Original message
4. Just received an email saying that First Magnus has laid off all of its employees...
...including 800 in my town, and closed down. Here's the story:

http://www.kold.com/Global/story.asp?S=6962398&Call=Email&Format=HTML
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woodsprite Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 03:53 PM
Response to Original message
5. My BIL works for BOA (old MBNA) in Del. and said that
they have 4 buildings at the campus he works from, and they are planning on closing 2 of those buildings and outsourcing all (any that hasn't already been) phone and IT work to India.
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CountAllVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 04:11 PM
Response to Reply #5
6. I closed my MBNA acct. long ago
Anyone with a brain would. They were playing lots of tricks w/me (like changing the payment due date). So, I closed it out.

Good riddance. :puke:

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partylessinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-21-07 04:49 PM
Response to Original message
8. Business could and likely will move every job out of America
and people would still support this insanity. I think we have gone nuts in this country.

Why do they hate Americans? This is not logical.

:thumbsdown:


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dickbearton Donating Member (577 posts) Send PM | Profile | Ignore Tue Aug-21-07 06:36 PM
Response to Reply #8
9. It's called Profit...
The corporatist are in it for the money. Nothing illogical
about it. If people who have no stake in the off-shoring
corporation support it, yes they are stupid; but as good
capitalist, who knows how and why many people blindly
rationalize it. 
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