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Tell HN: Wells Fargo completely offline

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81–90 of 256 posts

Re: Tell HN: Wells Fargo completely offline

#81

Earlier quoted context omitted.

I just started a new job, so I'm just going to set up an account at my local CU and have my direct deposits go there. Guess I'll have to close my WF accounts once they get this mess sorted out!

This is one of the best financial decisions you will ever make.

At what interest rate? I have mine at 3.35% 30y fixed. Is that remotely possible today?

Re: Tell HN: Wells Fargo completely offline

#82
post #74

Earlier quoted context omitted.

A bank without redundancy is the best place to have your mortgage. Just hope that one day they forget about your debt.

Real talk...they own my mortgage, i cant just 'forget about it' if they forget about it. I want to refinance it. Of they lose all data on my debt like that ending to Fight Club... is the debt just...gone?

Nope. Liens are recorded with the county/state as part of property law, as well as any other encumbrances. So that would actually probably make your situation worse because the lien holder would have no clue about the debt and claim on the property and could be hell for you to remove even if you kept paying and eventually paid everything off. Could potentially be a nightmarish scenario and an exercise in pure bureaucracy. Probably some Brazil or Catch-22 style shit.

Re: Tell HN: Wells Fargo completely offline

#83
post #58

Earlier quoted context omitted.

This page suggests that Inergen (unless there is a thing called Intergen that I'm confusing it with?) mixes with air to lower the oxygen content, but still remain breathable: http://www.tyco.no/products/Gaseous-Fire-Suppression/inergen...

The resultant 12% oxygen is 60% of normal atmospheric air. It's still breathable, if you're an average healthy person with healthy cardiac and pulmonary function, sitting at rest - but it's not healthy, it's enough that you're going to start seeing systemic responses. The reduction in partial pressure of oxygen being sucked into the lungs will also cause an increase in the partial pressure of carbon dioxide and inert…

Even if you were healthy you’d be in bad shape. I know from flying your mind goes quick when oxygen levels go down. You feel drunk and get a bit euphoric and refuse to acknowledge you’re in any trouble at all. Low oxygen, especially if the environment is dangerous or requires a clear mind and/or quick action, is a killer.

Re: Tell HN: Wells Fargo completely offline

#84
post #12

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.

true, but you also give too much credit to the average person.

Im employed by WF and even Im a little bewildered by the fact there doesn't seem to be any redundancy implemented somewhere.

Re: Tell HN: Wells Fargo completely offline

#85
post #40

Earlier quoted context omitted.

Very funny, but you're describing a failure mode of bitcoin exchanges rather than the bitcoin network, which is not what the parent was talking about.

> but you're describing a failure mode of bitcoin exchanges rather than the bitcoin network Of course! With bitcoin, nothing is the fault of bitcoin and always something else's fault. Bitcoin can never fail. It can only be failed.

No. It just affords you the possibility of choosing a different set of risks, that's all. Please don't change my words to fit your idea of a cryptocurrency shill.

Re: Tell HN: Wells Fargo completely offline

#87
post #58

Earlier quoted context omitted.

This page suggests that Inergen (unless there is a thing called Intergen that I'm confusing it with?) mixes with air to lower the oxygen content, but still remain breathable: http://www.tyco.no/products/Gaseous-Fire-Suppression/inergen...

The resultant 12% oxygen is 60% of normal atmospheric air. It's still breathable, if you're an average healthy person with healthy cardiac and pulmonary function, sitting at rest - but it's not healthy, it's enough that you're going to start seeing systemic responses. The reduction in partial pressure of oxygen being sucked into the lungs will also cause an increase in the partial pressure of carbon dioxide and inert…

Possibly more importantly, the "venting" is not what you'd call a gentle breeze. "Explosive atmosphere replacement" is a better description. Solid things will go airborne at speed.

Re: Tell HN: Wells Fargo completely offline

#88
post #74

Earlier quoted context omitted.

Real talk...they own my mortgage, i cant just 'forget about it' if they forget about it. I want to refinance it. Of they lose all data on my debt like that ending to Fight Club... is the debt just...gone?

Nope. Liens are recorded with the county/state as part of property law, as well as any other encumbrances. So that would actually probably make your situation worse because the lien holder would have no clue about the debt and claim on the property and could be hell for you to remove even if you kept paying and eventually paid everything off. Could potentially be a nightmarish scenario and an exercise in pure bureauc…

That was an issue during the housing crash. Banks were forclosing left and right on houses that were fully paid. It was a mess.

Pro tip: if you’re ever in that situation, demand the bank produce the deed proving ownership to a court of law.

Re: Tell HN: Wells Fargo completely offline

#89
post #63

Earlier quoted context omitted.

Unfortunately they're the holders of my mortgage (it was sold twice and they ended up with it). So I don't even have a choice of being their customer for the next ~25 years.

Refi that bad-boy to your local credit union

I moved loans to First Tech Federal Credit Union, which used to (and still probably do) state in the loan contract that they will service the loan for its life. Very happy with them so far.

Re: Tell HN: Wells Fargo completely offline

#90

Earlier quoted context omitted.

If you're waiting for this to be the straw to move away from Wells Fargo after the last set of scandals, you may have some issues...

Unfortunately they're the holders of my mortgage (it was sold twice and they ended up with it). So I don't even have a choice of being their customer for the next ~25 years.

As edoceo says below, I recommend refinancing with a credit union of your choice, preferably one that will pledge in writing to service the loan for its life.
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