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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

Considered view
08 May 2006 08:50

California dreaming



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The takeover of the Mom and Pop thrift would fill out Wachovia’s glaring gap in the faster-growth Californian market. But it comes with housing and credit bubble risk at a hefty price of nearly three times book value. This dream could become a nightmare.

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More stories by:  Rob Cox






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