Jan 19, 2009

Jim Cramer on Wachovia CEO Bob Steel (2008)

I think Bob Steel's the one guy I trust to turn this bank around, which is why I've told you on weakness to buy Wachovia.

~ Jim Cramer, CNBC commentator, March 11, 2008

(Two weeks later, Wachovia came within hours of failure as depositors fled. Steel eventually agreed to a takeover by Wells Fargo. Wachovia shares lost half their value from Sept. 15 to Dec. 29.)

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