Buy Oakland Bank. Lose Fortune. Get Bought By Someone Bigger. Repeat.

According to the East Bay Business Times, some Wall Street analysts still suspect that the banking and brokerage giant Wachovia made a “huge mistake” when it bought Oakland’s Golden West Financial Corporation. If the company overextends itself on the West Coast, it might become a prime target for a Wells Fargo takeover. The cost of eating an Oakland bank might lead to getting devoured yourself? Stop whatever you’re doing and think about the irony.

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