Wells Fargo Acquiring Wachovia for $15.1 Billion

Full story: Chicago Tribune
At stake is the $339 billion in Wachovia deposits and its network of more than 3,300 branches throughout the country that would solidify the winner as being in the top tier of U.S. retail banking. Full Story

“Full service, discount broker”

Since: Apr 08

Chicago, IL

#1 Oct 6, 2008
The Wells Fargo deal is better for everyone except Citigroup. Less taxpayer exposure and a better deal for Wachovia investors of all flavors. If the government lets this deal get away it will be sad.

“Ds and Rs are crooks.”

Since: Apr 08

Berwyn, IL

#2 Oct 6, 2008
Right now just about all CEO and CFO with any ties to Wall Street are sad. I want this deal to work but, no big shots walking away with a load of cash.

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