| Kovacevich talks about Wachovia, economy
May 3, 2013
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| The former chief of Wells Fargo & Co. says that Fannie Mae and Freddie Mac must go. He sees the Federal Housing Administration as the government’s ongoing tool for housing subsidies.
While he was in Charlotte, N.C., for the Wells Fargo Championship, the former chairman and chief executive officer of the San Francisco-based company, Dick Kovacevich, talked about the economy, Wells Fargo’s acquisition of Wachovia Corp. and his take on the government sponsored housing enterprises. Kovacevich called the Wachovia deal the “best merger in banking history from both a strategic and a financial standpoint.” |
