Wachovia says it will press ahead wit...

Wachovia says it will press ahead with Wells deal

There are 9 comments on the The Associated Press story from Oct 5, 2008, titled Wachovia says it will press ahead with Wells deal . In it, The Associated Press reports that:

Wachovia Corp., at the center of a fight between Wells Fargo & Co. and Citigroup Inc.

Join the discussion below, or Read more at The Associated Press.

PJ Parker

Jacksonville, FL

#1 Oct 5, 2008
I think the moneygrubbing Citigroup needs to back off before the angry American taxpayers revolt. There had better not be a judge in this country who would side with them to force Wachovia to take less money AND taxpayer assistance instead of a better deal requiring NO TAXPAYER dollars.
Am I missing something here?

“It's 420 here.”

Since: Jun 07

cold comfort farm

#2 Oct 5, 2008
Meanwhile Citi got Judge Ramos to issue an order halting the sale. What did Citi offer Ramos? Gold lame robes? Citi wanted the deal with shareholders and investors screwed and with FDIC backing. And now wants 60 billion from Wells Fargo?
Wells Fargo is prepared to buy the entire lot and NO ONE loses, and it doesn't require Fed sticky fingers in the deal. Hell, even Warren Buffet things the Fargo deal is better.
Go figure!
Earl

Elgin, AZ

#3 Oct 5, 2008
Citigroup is by far the absolute worst bank in all of America and maybe the world ! in 2006 I went thru hell to close out a certificate of deposit , 15 phone calls , 2 certfied letters and when I finally recieved my funds , twice their checks bounced ! Citigroup is a total nightmare ! I wonder how much Citigroup paid off Judge Ramos ! Is he a Bush appointee ?
PJ Parker

Jacksonville, FL

#4 Oct 5, 2008
too droll to troll wrote:
Meanwhile Citi got Judge Ramos to issue an order halting the sale. What did Citi offer Ramos? Gold lame robes? Citi wanted the deal with shareholders and investors screwed and with FDIC backing. And now wants 60 billion from Wells Fargo?
Wells Fargo is prepared to buy the entire lot and NO ONE loses, and it doesn't require Fed sticky fingers in the deal. Hell, even Warren Buffet things the Fargo deal is better.
Go figure!
See, that's just the thing that gets me. I don't think Ramos is getting paid off to bring this to court, I think he has to bring it to court in order to stay within the law. The new law that Congress just passed to bail out Wall Street is now going to be used against us? I don't think so. I think that law can get ammended again real quick to stop this crap. I just am not hearing enough about this whole thing, and don't understand why people are not in an uproar like I am.

“It's 420 here.”

Since: Jun 07

cold comfort farm

#5 Oct 5, 2008
PJ Parker wrote:
<quoted text> See, that's just the thing that gets me. I don't think Ramos is getting paid off to bring this to court, I think he has to bring it to court in order to stay within the law. The new law that Congress just passed to bail out Wall Street is now going to be used against us? I don't think so. I think that law can get ammended again real quick to stop this crap. I just am not hearing enough about this whole thing, and don't understand why people are not in an uproar like I am.
What Congress passed was an abortion, a total disregard of vox populi. Remember this is an election year. Some voted yea, because their seats weren't in at stake. Others nay, because it could cost them their seat.
Translation?
Never underestimate the power of a skunk!
Frank Miller

Dallas, TX

#6 Oct 5, 2008
Now, the big banks are fighting each other in a break neck race to consolidate which is being done for business survival rather than business gain. Sadly, the bailout will not help them much. They are hurting and when they hurt, we all suffer. Everyone should start looking for ways to protect their money. This basically comes down to either taking your money out of the market and cutting discretionary spending or diversifying and investing some overseas. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.

Best,
Frank Miller
http://www.theoffshorebankaccount.com

“It's 420 here.”

Since: Jun 07

cold comfort farm

#7 Oct 5, 2008
Frank Miller wrote:
Now, the big banks are fighting each other in a break neck race to consolidate which is being done for business survival rather than business gain. Sadly, the bailout will not help them much. They are hurting and when they hurt, we all suffer. Everyone should start looking for ways to protect their money. This basically comes down to either taking your money out of the market and cutting discretionary spending or diversifying and investing some overseas. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.
Best,
Frank Miller
http://www.theoffshorebankaccount.com
I've seen your posts before, and the advice is okay. But since your still have a Dallas ISP, do you know how to make a noose?
Because a lot of MF's need to be hanged.
sam

West Manchester, OH

#8 Oct 5, 2008
The deal with Wells Fargo should be honored.Any Parasites who see profits from this deal should back off and let them do what is in the best interests of Wachovias customers.

Since: Mar 08

Pittsburgh, PA

#9 Oct 5, 2008
The native Wachovians should get their cut shouldn't they for having their tribes name dragged through the mud and disgraced all to hell?

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