waldo

Is Wachovia the Worst Run Bank in America?

The authors of this garbage is obiviously on the short side. Steel will bring them back. 270 plus million shorts will start covering any day now.

Wachovia: Unclear How to Play Heading Into Today's CEO/Sell Side Meeting

Steel fired over 10,000 “incomps” who each had an average annual cost to the company of close to 100k...Do the math, that's 1 billion (with a B) saved annually. Further, it's my bet he will start up a land holding company to hold the properties taken back, let values go up in 3 to 4 years and make a killing. Finally, he is from Duke and Ken Thompson was a big UNC fan and Steel wants to show the world how stupid he was.