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Tue Jun 24th 08:30 AM | Rating: 0 0
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JP Morgan Offer for Wachovia Makes Sense

HSBC would be another possible contender.... and Santander used to have an interest in WB (from the FTU days).
In the past (b4 retiring from the banking sector), the Fed did a lot of "encouraging"... to get needed mergers going. That said, don't think WB is in danger of going bust. Spend time on the SEC filings -- even if you discount asset values heavily in your analysis, there is some meat left and pretty broad revenue base from multiple product lines. Not saying you'll see a big recovery any time soon but I don't think you'll see failure either.

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