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How Optimistic Should We Be About The Market?

In the latest major bank takeover, CitiGroup has announced it will buy Wachovia Bank. Janet Babin joins Madeleine Brand with details on what this development means.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Corrected: September 30, 2008 at 11:37 AM EDT
In some versions of this report, we said that Wachovia "went under" or "failed." In fact, Wachovia was acquired by Citigroup.