dkf
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Sat Nov-22-08 03:21 PM
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Does anyone understand how Citi buying Wachovia would have been |
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a good idea?
I don't get it.
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Zynx
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Sat Nov-22-08 03:24 PM
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1. It's a very good thing Wells did it. I said at the time that was a bad move if we let Citi buy |
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Wachovia. That would have been disasterous.
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spindrifter
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Sat Nov-22-08 03:28 PM
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ability their CEO has, I wouldn't want Citi to get involved in anything else until that guy is out and there is a plan for tightening up the way they are doing business.
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BR_Parkway
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Sat Nov-22-08 03:30 PM
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3. They would have become "too big to fail" - simple, but effective |
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and would have gotten huge tax write offs for the bad loans they were taking on, only to turn around and let Paulson buy them with our tax dollars
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formercia
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Sat Nov-22-08 03:36 PM
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4. Citigroup would have cannibalized Wachovia's assets |
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to keep itself alive for a little longer.
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DU
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Mon May 06th 2024, 01:37 PM
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