Tuesday, December 30, 2008

Wachovia's come uppence!

What a joke. Wachovia who was very liberal with its lending procedures is now owned by Wells Fargo which is VERY Conservative and will make Billions from the buyout as per a discussion over dinner in Denver last week with a Wells Fargo official.

Editor: Wachovia's stock holders aren't amused. Moreover, the people of Lancaster won't find it at all funny if the day comes that the City's guarantee of the hotel bonds is called.