May 7, 2006
WACHOVIA TO ACQUIRE GOLDEN WEST FINANCIAL, NATION'S MOST ADMIRED AND 2ND LARGEST SAVINGS INSTITUTION
"...Herbert M. Sandler, Golden West chairman and chief executive officer, commented, "I’ve been a keen observer of the market and the mortgage and banking industries for nearly 40 years...."
The San Francisco Chronicle covered it as a human interest story May 9.
Why Sandlers sold their S&L
Wachovia's deal for Golden West called a good fit
While Sandler talked animatedly about her favorite causes, she broke down talking about her feelings about closing a book that's represented more than half of her life.
"I can't talk about it without crying," she said. "Some part of me certainly is very emotional."
On May 10, 2006 India Daily said:Sell of Golden West Financial to Wachovia signifies burst of housing bubble