I found this in my e-mail inbox this morning, courtesy of MarketWatch and apparently sent minutes before the Citi-Wachovia merger was announced:
The credit crisis has forced together more shotgun weddings than in the families of Alaskan politicians. Now, consider the case of Wells Fargo and Wachovia.
But when I clicked on the link, this is what I got.
It’s interesting that the term “Alaskan” no longer appears in the commentary.
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Just watch – when a small number of banks have established their monopoly they will whine and complain about foreign competition when a foreign bank out-hustles them. Just like a certain aircraft company we all know …