greanpea

Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System

boy I am outta my league here, but I just have to jump in..
Did I miss something? Am I so naiv? I believed the point of 'shareholders' (educated or un-educated) was to give capital to a company..whatever it is and whatever sector of business...so it can..ummm..grow? Thought that was what helped our economy grow too?
I am not a Crystal-Ball owner, but I am betting that if enough of these Smart(er) People come in more often and 'save' these companies (WaMu, Wachovia) at the expense of the 'common' shareholders, Wall Street may find itself owned by no-one at all. Hello mattress.