Sunday, October 12, 2008

Good Economic News, Wells the White Knight Wins Wachovia

Wells Fargo, who saved money to go shopping, buys Wachovia.

Fox Business - NEW YORK (MarketWatch) - "The Federal Reserve Board said Sunday it has approved the application by Wells Fargo & Co. to acquire Wachovia Corp. . The deal was expected to close by the end of the year."

So Wachovia WAS worth something after all.

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