Wells Fargo to complete Wachovia deal; Citi ends talks, plans t...
There are 4 comments on the South Florida Sun-Sentinel story from Oct 9, 2008, titled Wells Fargo to complete Wachovia deal; Citi ends talks, plans t.... In it, South Florida Sun-Sentinel reports that:While Citigroup said it plans to seek $60 billion in damages for breach of contract, it has decided not to challenge the Wells Fargo-Wachovia deal in court.
Join the discussion below, or Read more at South Florida Sun-Sentinel.
#1 Oct 10, 2008
the drepression is comming
#2 Oct 10, 2008
Citigroup lawyers are smoking dope..
60 B$ for what... 3 days of consideration.. They don't stand a chance in any sane courtroom.
#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?
#4 Oct 10, 2008
And who's money will they use to fight this with and pay the lawyers?
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