Wachovia FELL because there was a SILENT run on the bank. More than 5 trillion dollars got taken out of the system which was largely owned by Wachovia.
Look for the day they increased the Fed Savings from $100,000 to $250,000 and you will know the preceding day was the "Silent Run".
Wachovia FELL because there was a SILENT run on the bank. More than 5 trillion dollars got taken out of the system which was largely owned by Wachovia.
Look for the day they increased the Fed Savings from $100,000 to $250,000 and you will know the preceding day was the "Silent Run".