Wachovia Wacks Borrowers

So WHAT ABOUT ALL the BAILOUT MONEY Bernanke gave you guys?!

WTF?!

"Wachovia mortgage unit ending loans via brokers

Wachovia Corp, the fourth-largest US bank, said its main mortgage unit will stop offering home loans through brokers this week, joining a growing number of lenders to curb wholesale lending. "We thought it was important to focus on customers who have relationships with the bank, and in geographies where Wachovia has branches," spokesman Don Vecchiarello said. Wachovia is assessing how many jobs will be affected by the decision, Vecchiarello said (Reuters)."

Translation: We need to focus on the RICH!