Financial turbulence in the US took yet another toll with America's sixth largest bank, Wachovia, starting preliminary talks with potential buyers including Citigroup, Wells Fargo and Spain's Banco Santander, media reports say.
The reports about Wachovia looking for a bailout buyer appeared in media a day after the collapse of Washington Mutual, the biggest bank failure of US history.
According to reports, Wachovia has assimilated distressed assets worth USD 122 billion on account of its exposure in the housing mortgage.
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this economy really needs to change we have some of the stupidest people in our economy trying to make everything better but they are making it worse for the parents now and the children becoming adults in the future it will be there resondsability to help there kids in the future and that is not right for people like that to leave them to there kids
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