Wells Fargo to complete Wachovia deal; Citi ends talks, plans t...

While Citigroup said it plans to seek $60 billion in damages for breach of contract, it has decided not to challenge the Wells Fargo-Wachovia deal in court. Full Story
wow

Fort Lauderdale, FL

#1 Oct 10, 2008
the drepression is comming
Tim

Fort Lauderdale, FL

#2 Oct 10, 2008
Citigroup lawyers are smoking dope..
60 B$ for what... 3 days of consideration.. They don't stand a chance in any sane courtroom.
Jeff

Miami, FL

#3 Oct 10, 2008
I heard a figure a few days ago about what Citi wanted to let Wells Fargo have Wachovia...$60 billion in damages. Right. That's nearly 1/10th of the bailout money.(And all Citi wanted of Wachovia was its checking account services...not the rest, per insiders. Tsk, tsk.) Whiners! Didn't Citi sell part of its debt to an Arab sheikdom? Hmmm?
Joe Sick Of It

Houston, TX

#4 Oct 10, 2008
And who's money will they use to fight this with and pay the lawyers?

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