Well, somebody's looking to buy the latest troubled bank.
Haven't we heard that one before? None of us should be surprised at just how rapidly a financial institution can deteriorate these days.
The government is resisting guaranteeing some of Wachovia's assets, as it did for Bear Stearns when it engineered that company's sale to JPMorgan Chase & Co, and is also opposed to taking over Wachovia unless its financial position deteriorates more rapidly.
Haven't we heard that one before? None of us should be surprised at just how rapidly a financial institution can deteriorate these days.
