Citi: Wells Fargo blocked from buying...

Citi: Wells Fargo blocked from buying Wachovia

There are 1 comment on the The Associated Press story from Oct 5, 2008, titled Citi: Wells Fargo blocked from buying Wachovia . In it, The Associated Press reports that:

The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank to Wells Fargo, Citigroup announced in a news release.

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Marlborough, CT

#2 Oct 5, 2008
Citibank wants the deal where the American taxpayer is required to kick in as much as as $42B. Amazing that this multibillion dollar corporation could pursue this when another bank is willing to buy Wachovia no strings attached. It also raises the question whether Uncle Sam was too quick to pour on taxpayer dollars where they aren't needed.

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