Wachovia was a good bank. It all went sideways when they merged with First Union a sh%%hole of a bank and bank culture.
If they want to have a witchhunt, how about they go after Barney Frank?
This is a shallow attempt to punish a private business for taking risk, and refusing government handouts in the form of TARP money... It really pissed off alot of people in the government when WB shareholders accepted WFC's offer and hung Citi out to dry (which Citi then needed to be bailed out by TARP to the tune of 45 BILLION).
And Golden West.