Ok, so last year Wachovia Bank purchased A. G. Edwards Investments. A supposed advantage for A. G. Edwards was the huge financial pool of Wachovia. Now less than a year later Wachovia has sold the massive banking side of its operation and kept its Mutual Funds branch and the investment branch, which was A. G. Edwards.
So essentially Wachovia has bought what was A. G. Edwards reputable name, and slapped Wachovia signs on it, and now become A. G. Edwards under a name the average Joe now associates with financial blundering and failure. (Wachovia)
This is more a case of lipstick having a pig slapped on it.
So what happens now?
Does anybody besides Warren Buffett know anything about money?
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