Wachovia-Wells Fargo deal draws Fed objections

There are 1 comment on the El Paso Times story from Oct 3, 2008, titled Wachovia-Wells Fargo deal draws Fed objections. In it, El Paso Times reports that:

A battle broke out Friday for control of Wachovia, as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigroup and federal regulators insisted Citi's earlier and lower-priced takeover ...

Join the discussion below, or Read more at El Paso Times.

Frank Miller

Dallas, TX

#1 Oct 3, 2008
Now, the big banks are fighting each other in a break neck race to consolidate which is being done for business survival rather than business gain. Sadly, the bailout will not help them much. They are hurting and when they hurt, we all suffer. Everyone should start looking for ways to protect their money. This basically comes down to either taking your money out of the market and cutting discretionary spending or diversifying and investing some overseas. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.

Best,
Frank Miller
http://www.theoffshorebankaccount.com

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