A little while ago I was at World Savings (part of Golden West Financial) in, which later got bought by Wachovia, which then severed a multitude of jobs, and is about to get put in Wells Fargo's grocery bag.
SFGate ran a piece about the Sandlers, a husband and wife team who started World Savings and had their headquarters located in Oakland, and who got out of the mortgage business about the time when I left. Very shrewd couple...or evil diabolical architects of fiduciary vampiricism?
Regardless, it appears that their Wachovia stock is going to get a whole lot more valuable. Although I must say, we had a very Being John Malkovich orientation process at World.
The orientation consisted of getting to know how many branches they opened up, what was the first branch, how Herb and Marion Sandler met, etc. It was almost like...7 1/2 Floors.
Unfortunately, there seems to be little peace for taxpayers and the lot of their accursed kind. We get to bail out everyone. It's amazing how 'FREE MARKET WILL PROVIDE' the politicians are, but when the shit hits the fan, we get a Karl Marx solution.
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