Mike Shedlock has a good 13 August 2008 post on Wachovia at his Global Economic Trend Analysis. Mish asks if Wachovia can do anything right. Yes, it can, and did. Here's a link: http://globaleconomicanalysis.blogspot.com/2008/08/can-wachovia-do-anything-right.html. It hired a former Goldman Sachs guy, see my 25 July 2008 post. That may be enough.
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