Yahoo! News :: Business

Ex-CEO of S&L bought by Wachovia defends record (AP)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/wachovia_sandler"><img src="http://d.yimg.com/us.yimg.com/p/ap/20081005/capt.e45213e3b25a44278619a21e0c8dfc47.wachovia_sandler_ny119.jpg?x=130&y=89&q=85&sig=OTd.5N07Ww4_T8UGR95aRQ--" align="left" height="89" width="130" alt="In this Thursday, Aug. 31, 2006 picture, Herb Sandler, right, and his wife Marion, co-CEOs of Golden West Financial Corp., address shareholders at a meeting to approve a merger with Wachovia in Oakland, Calif. Once hailed for running their savings-and-loan company like an endearing mom-and-pop shop, Herb and Marion Sandler are now being vilified as ruthless home lenders who helped destroy Wachovia Corp. and contributed to the financial decay that led to the U.S. government's $700 billion program to buy rotten mortgages. (AP Photo/Marcio Jose Sanchez)" border="0" /></a>AP - Once hailed for running their savings-and-loan company like an endearing mom-and-pop shop, Herb and Marion Sandler are now being vilified as ruthless home lenders who helped destroy Wachovia Corp. and contributed to the financial decay that led to the U.S. government's $700 billion rescue plan to buy rotten mortgages.</p><br clear="all"/>