No Wonder Wachovia is in Trouble
Our DUH! for the day...John Silvia, chief economist at Wachovia Corp., who previously worked as a senior economist in Congress:
"Certainly, the Fed and the capital markets have been surprised the economy has slowed so quickly."
Having worked for Congress explains why they are just a little slow in figuring out which way is up and why Wachovia is one of our dead pool favorites.
Aside from Lehman Brothers and UBS, watch the WWW. that is WaMu, Wachovia & Wells Fargo, as these three are mismanaged and in serious solvency trouble.
"Certainly, the Fed and the capital markets have been surprised the economy has slowed so quickly."
Having worked for Congress explains why they are just a little slow in figuring out which way is up and why Wachovia is one of our dead pool favorites.
Aside from Lehman Brothers and UBS, watch the WWW. that is WaMu, Wachovia & Wells Fargo, as these three are mismanaged and in serious solvency trouble.
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