Until its deluded purchase of GoldenWest at the height of the mortgage bubble, Wachovia was an excellent franchise.
美联银行一直是一个出色的特许经销商，直到它在抵押贷款泡沫高峰期，受蒙蔽而购买了戈尔登西。
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Yes, it was also an early adopter of subprime mortgages — Countrywide, GoldenWest and IndyMac were all California-based — but life on the frontier has always been risky.