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Wachovia
Wachovia
"They are obsessed with conservative underwriting.... They have no subprime origination." -- CEO G. Kennedy Thompson, announcing the acquisition of giant mortgage lender Golden West Financial on May 8, 2006

Time to Armageddon: 28 months

On Sept. 29, 2008, Wachovia agreed to sell its bank units to Citigroup in a deal backstopped by the FDIC. The whole company was later sold to Wells Fargo instead. Not believed to be under investigation.

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Last updated January 06 2009: 12:16 PM ET
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