Friday, October 3, 2008

Economy not so bad as Wells Fargo bids for Wachovia



Wells Fargo ups Citigroup’s bid for Wachovia, setting up an epic financial battle. Because the WF deal is a straight bank acquisition, rather than a government-arranged shotgun marriage, I think it’s preferable.

News of the deal bumped the Dow upward.

(Disclosure: I bank at WF.)
There is no god and I am his prophet.


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