Closing the Books on Wachovia

From Clusterstock:

There's a reason the government put 'em down. Wachovia has just announced a $23.9 billion quarterly loss -- $18.8 billion of which is the impairment of goodwill. That represents the end of its $25 billion acquisition of Golden West, back in 2006. Deals don't get much worse than that. Excluding Goodwill and various merger expenses, it only lost $4.4 billion.

Wachovia - RIP. As a recovering Wachovia stalker, I suppose I'll now have to focus on Wells and BofA.