Faith

Wachovia Can't Seem To Do Anything Right

I have been reading up on Wachovia and this is not the first time I hear about thier problems. Here's one of the things they plan to do to help thier crises.
Wachovia, America's fourth-biggest bank, has already announced plans to cut around 10,700 jobs from the firm and reduce overall expenses by $2 billion over the next year and a half, as it battles to restore its balance sheet. The firm has already reduced its retail mortgage staff by 2,000 so far in 2008, with 4,400 more to be cut from the unit over the next year.
Thank you Michael for keeping us informed