It seems that Wachovia Bank is looking for $7 Billion dollars? Why? Where did they loose so much money? Who made it? Would Wachovia loan money to me if I needed it under those circumstances? Are investors throwing good money after bad? I think the board and CEO Ken Thompson need to step down. They got way too much power and control way too much money and so far they have demonstrated they can't handle it. That is from another fellow banker..ME! We need new blood there.
Stay tuned.
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