Wachovia is in trouble
It looks like Wachovia is going to be the next casuality to get acquired. Potential suitors include Citigroup (NYSE:C), Wells Fargo among others.
http://www.nytimes.com/2008/09/27/business/27bank.html?hp
The $ 700 billion bailout is taking time but taking its casualities as well.
Going forward – I will blog more about the correlation between this credit crunch and a more economics, freakonomics type approach to understanding this credit crisis that will be of more interest to my readers. Watch this space as the new trend unfolds. It will have facts and figures to support it.
