How did this happen?

Didn’t Citigroup have a deal to buy Wachovia?

I guess nobody told Wells Fargo.

Y’know, we had WF CEO John Stumpf on the program a couple of months ago. His company’s made it through this whole mess reasonably well, and he agreed when I asked him if it had presented him some business opportunities.

I guess we should have paid closer attention.

Meanwhile, did Citigroup screw this up, or did WF just do it smarter?