Wachovia goes down

Citigroup Inc., the biggest U.S. bank by assets, will acquire banking operations of Wachovia Corp. for about $1.6 billion after shares of the North Carolina lender collapsed under the weight of overdue mortgages.

This is really shocking! All the banks are keep falling from the financial crisis. I couldn’t believe it. I hope that it will be fixed soon. Wachovia is the next to fall into oblivion.