Ha Ha, Now Wachovia Fails Too

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It's Monday, meaning a bank fell. A major bank, felled. Or didn't fall? Just "sold off" its entire banking operations: "Citigroup will acquire the banking operations of the Wachovia Corporation, the Federal Deposit Insurance Corporation said Monday morning, the latest bank to fall victim to the distressed mortgage market." While the F.D.I.C. chairman says Wachovia customers should expect business as usual, we think there should be a BANK RUN! EVERYONE FREAK OUT! GET ALL YR MONEY! RUNNNNN!!!! [NYT]

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