Top News #5-Wells Fargo Eyes Wachovia; Crisis Hits European Banks

In the wake of so many banks going under and others being bought by other bigger banks. Wachovia bank has been catapulted into one of the top banks in the U.S. banking industry.  They were talking to several banks about selling itself to Wells Fargo. The Wall Street Journal on Monday had this story as their top story. 

The impact of this story is great because the national economic issues are so scary and banks being sold and going under is scary to the American people. The timeliness is appropriate because it happened over the weekend. The prominence of these banks is crucial, as already stated Wachovia was a top bank in the banking industry. The proximity of the story has to do with anyone who is involved with either Wachovia or Wells Fargo. There is conflict because the fact that huge banking corporations are being bought out is scary to people. This is also a current issue. We as the american people are worried about the economic issues in our society and this is definetly one of them.