I see a pattern ...
http://www.upi.com/Business_News/2006/06/22/Barclays-buys-Wachovia-unit-for-469M/UPI-69751151006554/
Barclays buys Wachovia unit for $469M
Published: June 22, 2006 at 4:02 PM
NEW YORK, June 22 (UPI) — Barclays Bank PLC is paying $469 million to Wachovia Corp. to buy the U.S. mortgage servicing business of HomEq Servicing Corp.
(snip).
It also said it sees the deal as an opportunity to “grow our existing U.S. mortgage securitization franchise.”
“I see a pattern...”
then, a little over three months later, he goes to the Treasury Dept as Under-Secretary