Wells Fargo to Buy Wachovia

Well, well.
The WSJ reports that Wachovia Corp. agreed to sell itself to Wells Fargo & Co. in a $15.4 billion takeover that will require no government assistance, scrapping a federally backed deal with Citigroup Inc.
I thought that any attempt to fix the financial system needed tons of Government cash.
The final TARP ought to be so distasteful to financial institutions that if one of them is in trouble, they will prefer to be rescued first by some private group ... which, really, at the end of the day, doesn't seem to be a problem.
Over the next few days, a regular Hedge-Fund Hurricane will get formed. So the Fed and the FDIC should seek to limit the damage caused by the shadow financial system to the shadow financial system and prevent it from spreading to regular banks. The latter seem to be able to take care of themselves, thank you.