Angry Feds May Force Citi and Wells to Share Wachovia

My god we are going to be in a great depression when Obama's new tax increases go into effect.

Wells Fargo will own Citi also! Bring em on.

Silver Surfer here ... Another game of smoke and mirrors... of course the Government is BAILING OUT the takeover. The winner can offset gains on their back taxes 20 yrs. This could let them recover the potential 74 Billion dollars of losses not to mention they wont have to worry so much about accounting for failing assets in process. Net is the TAX payer will take a 100 Billion dollar hit again on this deal.

What tax increases?

How about giving me all these priviledges. Let me bid less and win more! This bail out is institutionalizing the powers that be. We will all be made more the serf by the day.

You know the Hit to the taxpayer is now 3-4 trillion under Bush and counting... Let say it stops at 5 trillion.... How are we going to pay it with the big SLIDE in TAX REVENUES in a recession.

anything could happen in these days!!

freakyfrog, why in the world would you make that comment? is it relevant to the wachovia discussion, or are you just stating your presidential preference? Can you give your statement any credibility by providing some facts about obama's alleged tax increase plans or do you just want to start political commentary? Just curious. Thanks.

Bob is playing with fire. The Fed should either force Wachovia to be sold to Citi, or let the prolong legal battle last up to the point that Wachovia's book value drop to zero or negative, then both banks walk away from the deal!

City must win this thing - It's in the best intrests of the country - it's the fairest solution to Wacho interests - - thanks

King Solomon: Please request special permission from thy holy God on high to return to earth and settle this collosal dispute. So. Be. It.

Brainwashed freakyfrog....your taxes will actually go DOWN under Obama. Who still thinks Bush tax cuts are working?

The most important fact is the Wells deal costs the Tax payer NOTHING, where the Citi deal could cost Billions. It looks like the start of our $700 B is already on the way!!!! Just let the market sort itself out.

What tax increase. He is promising to raise taxes on the wealthy. who do you think has money to invest? And the bottom 50% of this nation only pays 2.9% of the countries tax load. The top 1% of this country owns 20% of the nations income, yet they pay 42% of the taxes. The wealthy carry way too much of the burden. FDR prolonged the depression so will Obama

Come on, Dow go under 8000. What you waiting for? I know you are going there sooner or later, so why don't you go there faster and stop wasting everyone's time.

holland: so it's better for the fdic to old $300+Billion guarantee than let wells do the whole deal w/ no fdic? how so? thanks.

Citi is the drowning man reaching for a life line, which is Wachovia Wells Fargo is the healthy man looking to expand. Government split along geographic regions actually will cost more jobs. Split along geographical regions so they will compete against each other and not cut jobs.

I have an idea. But I am not telling anyone.

Citi is a crybaby.. SELL SELL that crap of a company. BUY Wells.

The S&P will bottom out at 900. It's just fear that is causing the drop.