Citigroup Halts Wells Fargo Takeover ...

Citigroup Halts Wells Fargo Takeover of Wachovia

There are 3 comments on the www.findingdulcinea.com story from Oct 6, 2008, titled Citigroup Halts Wells Fargo Takeover of Wachovia. In it, www.findingdulcinea.com reports that:

Citigroup won a delay in court to save a government-backed takeover of the failing Wachovia, after Wells Fargo moved in with a more generous offer.

Join the discussion below, or Read more at www.findingdulcinea.com.

Lupa

Lenni, PA

#1 Oct 6, 2008
Who other than me thinks that maybe there's a conspiracy against banks that begin with W?
Not Sure

New York, NY

#2 Oct 6, 2008
Lupa wrote:
Who other than me thinks that maybe there's a conspiracy against banks that begin with W?
Kinda of looks that way doesn't it. With all this financial bailout going on why doesn't Citi back off so FDIC doen't need to use any of their money.
bluewv

Minneapolis, MN

#3 Oct 6, 2008
Not Sure wrote:
<quoted text>
Kinda of looks that way doesn't it. With all this financial bailout going on why doesn't Citi back off so FDIC doen't need to use any of their money.
Well as a heartlander who's been watching just about daily updates since last Oct on "whether we are in a recessionary economy or not?", I have a humble opinion on where we are now. If all of a sudden 2 supposedly "healthy" nationwide banks are going to bid for "BAD debt assets" that the US government will gladly swallow up for them, then why can't the two companies agree to a bi-furcation agreement on Wachovia. Divide the assets that both suitor banks desire through negotiation. I know that the "negotiation" word hasn't been uttered in many years among NeoCons, but I do believe that it's time that they acknowledge the "existence" of the word in the English language.

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