Summary
First Wachovia Corp. and NCNB Corp., banks
See the full content of this document
Extract
Prophet and losses.
Prophet and losses
John Medlin is not one to gloat. But he could if he wanted to. The CEO of First Wachovia Corp. (FW-NYSE) for years has preached the gospel of cautious lending. The inevitable economic downturn, he said, would expose loose credit quality caused by too much money chasing too few good deals. Well, the country has f...See the full content of this document
Sponsored links
