Good catch. Although... the OP never did say that it was a photo of a Wachovia branch. All he said was that it was a photo of a bank. Didn't say which bank. Sure, the title mentioned that he came back from Wachovia, which could certainly lead one to believe that the photo was of a Wachovia branch. But he didn't actually say that.
the words above the pic say: "Just got back from Wachovia - Wow - Photo of a run on the bank" IF ANYONE ELSE IS READING THIS THREAD THAT HAS EVER LOST MONEY BECAUSE A BASHER POSTED LIES ABOUT A COMPANY YOU OWNED, I ASK YOU TO GO FILE A COMPLAINT WITH THE SEC AND FDIC LIKE DHPAR AND I DID. With 2 complaints it might not get a lot of attention, but with 20 complaints and the perp daring the authorities to find him, i think it might.
Hey all you guys who are long Wachovia, I have some facts for you. FACTS. Citi and Wells are not going to pay more then a few bucks per share for Wachovia even though there is a bidding war. Im guessing the reason for the large decline on Friday was this news leaking out. Wachovia doesnt need shorts or internet bashers to take down the price. The company's management seems to be doing a great job at making the price go down on their own without assistance. Sorry Jim Cramer, sorry longs. Wachovia will probably trading at the 2-3 range soon. Runs at the Wachovia branches will form and then it will all end with the FDIC engineering a sale to another company... Read it: "Citigroup and Wells Fargo are unlikely to bid more than a few dollars a share for Wachovia, whose shares closed Friday at $10, the newspaper said. It is unclear whether Wachovia would be sold as a whole or be broken up, or how much Wachovia bondholders might lose in any transaction, it said." http://news.yahoo.com/s/nm/20080928/ts_nm/us_wachovia
"..Necessity is the argument of tyrants, it is the creed of slaves..." William Pitt, "Speech on the India Bill " [November, 1783] " ..The United States is a land of free speech. Nowhere is speech freer - not even here where we sedulously cultivate it even in its most repulsive form ...." Sir Winston Churchill Speech, House of Commons September 28, 1944
No it's the exact opposite... the markets were already on edge for good reason and this bogus thread was posted right after we found out the gov't had shut down Washington Mutual... also the day this was posted Wachovia opened around 10 after being as high as 16+ the day before. So this was actually worse than shouting "fire" in a crowded theater. It was more like shouting "gunman" in a lecture hall after the VA Tech massacre. Snitches? What's more important... the right of some jackass to post BS like this or the rights of everyone who might be financially ruined by it?
I certainly respect your opinion.........and it is hard to give cover for the speech of a "jack-ass"............BUT, the minute we start disregarding the right of a "jack-ass" to shout from the mountain tops, we are all in grave danger.