The Triangle Business Journal is reporting that Wachovia had to break off a relationship with a bank based in the Middle East because of allegations that the bank was laundering money for Hezbollah. At this point, I do not know how to comment on the issue. I was thinking: it is a small world, or isn't it nice how global the modern world is. But to be fair, it seems that Wachovia had no involvement and behaved in the appropriate way in cutting off the relationship. I guess this is just one of those head scrathers for a Saturday morning.