WASHINGTON — Roughly two years after its near collapse, critical questions about the fall of Wachovia Corp. remain unanswered.
Members of the Financial Crisis Inquiry Commission hit on several Wednesday during a hearing on the issue, including why regulators let the bank grow so fast without adequate capital and liquidity, how the Internal Revenue Service suddenly intervened to help Wells Fargo & Co. buy the banking company without direct government support and whether the right fix for "too big to fail" is to let an even bigger company absorb a troubled bank.
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