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samaelrocks

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samaelrocks

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Monday, 04/14/2008 8:14:18 PM

Monday, April 14, 2008 8:14:18 PM

Post# of 72979
What are some opinions on this?

Today's developments provided further evidence that the $25.5 billion bet Wachovia placed on California through its purchase of Golden West amid a slowing housing market in May 2006 was a dumb move. Observers at the time said it was a train wreck occurring in slow motion and could set the stage for the nation's fourth-largest bank to find itself stumbling into the arms of a merger partner such as Wells Fargo (NYSE: WFC).

http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2008/04/14/daily8.html?ana=yfcpc
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