Why Wachovia's goodwill is bad
Story date: 2008-02-08 06:29:00
Added on: 2008-02-08 07:16:18
CNN Money - Take Wachovia's $117.8 billion option adjustable-rate mortgage portfolio, the pride of the former Golden West Financial franchise. The good news is that the portfolio, whose loan-to-value ratio is about 95%, has been performing all right, relative to ...
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