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10.09.2008 9:00 pm

Friday editorial: The fate of 4,800

The 4,800 St. Louis employees of Wachovia Securities have been reduced to helpless onlookers as two financial titans — Citigroup Inc. and Wells Fargo & Co. — battle to acquire the securities firm’s parent company, Wachovia Corp.
Wells Fargo seemed to get…

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08.19.2008 9:02 pm

Wednesday editorial: (Not) just like cash

wachovia625aug12_opt.jpgThe auction-rate securities debacle holds a couple of lessons for small investors:
Lesson one: When someone tells you an investment is safe, look under the hood. No investment really is safe, although short-term Treasury bills and federally insured bank accounts come pretty…

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