"The issue of Wachovia's loan portfolio strength was brought to the fore last week when its shares shot up on word that Morgan Stanley was weighing a deal to buy the bank. But Morgan bankers, once they kick the tires, will surely find out that a couple of the tires may be flat."
Why is the New York Post so negative on Wachovia and CEO Steel? Hmmm. Are you getting the feeling that MS + WB = NOT HAPPENING. Or maybe that doesn't even matter anymore in our Post-Bailout World.
Update 9/21 - Morgan Stanley snubs Wachovia
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