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Re: FDIC forces Wachovia to sell....
It depends on Wall Street and how Wachovia will be valued from this point on. Wachovia has lost its debt, but it's whether we can retain our customer base. As it is people are running on the banks, pulling out of the stock market, and putting their money into government bonds. Citicorp stock has gone up roughly $0.50/share. Wachovia will start trading at $1! Scary.
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"Unthinking respect for authority is the greatest enemy of truth." - Albert Einstein
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