While watching the debate, I happened to read this article. How much lower can it go?

There’s a bit of drama unfolding in the Wachovia buyout. The most recent update is that the Wells deal is on, and not the Citigroup deal. Citigroup had brokered a deal to buy the failing bank for $2.1bn, or about $1/share. (Note that Wachovia is worth about $6.00/share right now.) This deal obviously isn’t the [...]