Current Events — HabitableZone

Current Events » in reply to Wachovia loss $8.9 Billion, cuts jobs, Mortgage Unit

"Next bank run"

See bank run. Run bank, run!

Eighteen months ago, my former employer was trading at about $35...ten days ago, they were under $4.00. I think the only reason they haven't been acquired is, of course, that buying a bank right now is only legal in states that allow gambling.

Q. How do you build a $10 billion dollar bank?
A. Well, you start with a $20 billion dollar bank...

They used to laugh at that.

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