OK, I can't continue to get spun up over this mess, but people need to be informed and this information causes runs on financial institutions.
Updated: Wachovia has begun preliminary talks with Citigroup about a potential merger, people briefed on the matter said Friday afternoon.
Feelers have also been extended between Wachovia and Wells Fargo and Spain’s Banco Santander, these people said.
These talks are early, however, and no deal may emerge from them.
But it appears that Wachovia is seeking out potential alternatives
should the financial rescue package being debated in Washington is not
quickly passed, or fails to provide enough help.
Bank of America customers, watch out!
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