Crunch Time —Polischuk

These are dynamic economic times, to say the least. News is coming through at a frantic pace. The situation with Wachovia Bank is just one -example. On Sept. 29, Citigroup announced that it had acquired Wachovia’s banking operations. On Friday Oct. 3, Wells Fargo and Wachovia -announced an agreement to merge. Needless to say, later that day Citigroup put out a statement declaring that Wachovia’s agreement with Wells Fargo was in breach of an exclusivity agreement made on Sept. 29. The issue is now in the courts and most likely, by the time you read this, any resolution will be old news.