[wbill]

I call BS. Wachovia is in real trouble, and is in no position to buy anything.

Unless it's the other way around....Morgan Stanley isn't doing well either though, I thought.

[C19fan]

I call BS. Wachovia is in real trouble, and is in no position to buy anything.

I was thinking the same thing. Wachovia is choking on option ARMs now on its books after it purchased Golden West in CA. Wachovia only has a market cap of $20 billion. BofA has a market cap of $120 billion.

[wardaddy]

congratulations at post 27 to be the first to mention that Wachovia is very sick....much more so than Morgan.

Morgan is looking for a source of capital from depositers if they can restructure Wachovia’s mortgage bundling exposure.

make no mistake Morgan will be driving this car...