New Mexico
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In the Crosshairs: Wachovia Corp.
Aug 24, 2007Get thee to court: Wachovia Corporation’s exposure to the mortgage mess is getting plenty of attention today — perhaps the most interesting item is a Wall Street Journal story that says that the nation’s fourth-largest bank is suing Thornburg Mortgage for $5.1 million: Wachovia Corp.’s banking unit has sued Thornburg Mortgage Inc., alleging the mortgage provider hasn’t returned $5.1 million from an unwound series of derivatives transactions.