Wow Wachovia



Yikes!

Comments

Daniel Brum said…
The race to physically own begins...

http://www.ft.com/cms/s/0/bf8246aa-8f13-11dd-946c-0000779fd18c.html
pcleddy said…
Ditto. At first I thought JP Morgan Chase Bear Stearns Washington Mutual bought them, but, for some reason, I lost track, and got more confused than normale.

PS Isn't this fun!?
Marcf said…
Yes it is a fascinating time and no it is not fun, at least for me personally, at the moment. Economics has become an ongoing topic for me. It is work.

Things are going way too fast and there is no sense in it all that I can discern. Also some times I feel like I should stick myself in a macro/micro week class from a UNI.

Re Wachovia, it is time to start thinking in reverse, it doesn't matter who is disappearing and it is going too fast. Plus we should really keep tabs on who is likely to emerge at this end of this consolidation phase. People used to call JPM and BofA. A few Europeans perhaps? The US of A is constantly complaining that EU subsidizes their industry, well here is an example where reciprocity will take a brand new socialist, protective meaning on behalf of the US. Of course, cro-manions are busy destroying this rescue on behalf of ideology.
Anonymous said…
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