Fec Indexes Wachovia’s Woes

Fec lists LOTS of issues with Wachovia.  Wachovia was a Winston-Salem institution until it was absorbed by First Union and most of its operations were moved to Charlotte.  My mom worked there many moons ago, but in this age of mega-mergers it’s anything but a cozy hometown bank and it does not tug any hometown heart strings.

FYI, you know things are tough when an alphabet soup of fed agencies is in town checking under your robe: the SEC, FBI, DOJ and IRS are all checking into the bank.  Hopefully the bean counters will prevail and right the Wachovia ship.  I’d hate to see the building in Charlotte look like Enron’s in Houston a few years back.


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