Apparently Wells Fargo Auto Finance located in Chester, Pa has laid off hundreds of folks today that work for their indirect auto loan business. The business is being moved to Wachovia pre merger. I can only assume that the other folks working for the indirect side of the business spread out across the country have been let go too.
My heart goes out to you guys and gals over there in Chester.
Wonder how they square spending 80 million for that new Soccer Stadium in Chester now with even more of their tax base leaving the failing waterfront area.
UPDATE: Part of an email that was forwarded to me:
email has been removed at request of sender