Friday, October 03, 2008

Wells Fargo Buys Wachovia

Oh, didn't see that one coming! I thought I read that Citibank was buying part of Wachovia. Now, it looks like Wells bought them lock, stock, and barrel for $15 billion. Too bad WaMu's leadership couldn't have been better at basic negotiations! They need to never have jobs again, and with their excessive pay packages, they won't need to!