Wachovia Corp. (WB)
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WB Forum Topics
- All Comments on WB
- General Discussion on WB
- Where Is Citi's M&A Expertise? [view article]
- Pay Little Heed to Economic Reports and Move On [view article]
- Bill Ackman Piled Into Wachovia and AIG Shares [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Lehman's Lies [view article]
- Citi Examines Its Carrots and Sticks [view article]
- Breaking News: Wells Fargo Buys Wachovia [view article]
- Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System [view article]
- Should Investors Buy or Sell Wachovia Now? [view article]
- Wachovia: Getting Messy [view article]
- Maybe Wells Fargo Will Buy Citi and Wachovia [view article]
- How Much Will a Wells-Wachovia Deal Cost Taxpayers? [view article]
loading ...Recent WB Articles
- Pay Little Heed to Economic Reports and Move On
- Where Is Citi's M&A Expertise?
- Bill Ackman Piled Into Wachovia and AIG Shares
- Wachovia: Getting Messy
- Lehman's Lies
- Should Investors Buy or Sell Wachovia Now?
- Maybe Wells Fargo Will Buy Citi and Wachovia
- Wall Street Breakfast: Must-Know News
- Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System
- Wachovia Battle Heats Up
- Full List of Articles »
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Options Trader: Friday Outlook - Too Little Too Late? [view article]
Phillip, wake up and smell the cow patties. Dodd himself described this bailout as a turd with a marshmellow in the middle. He just made sure the marshmellow was larger.Of course the commercial paper market seized up. The biggest player in that market was Lehman. If you want to engineer a crisis to scare everyone into passing the biggest bailout in history, of course you want to first bail out FNM, FRE, and AIG and then let the principal CP dealer go bankrupt. It shuffles the pain down to main street to make them think that they should support this nonsense.
Will this be it? Oh hell no. The CDS issue has not even been mentioned, California is about to ask for a bailout, and GM will have given the $25B we gave them to the unions by next March. Bailout part !! coming to a news outlet near you by early next year (if it takes that long). Reply
Pennington
Breaking News: Wells Fargo Buys Wachovia [view article]
THANK YOU MR. BUFFET FOR BEING A GREAT AMERICAN!!!!Your move may be seen by many as just business, but I know you have stood in the Gap for America. I personally thank you for helping HSBC to understan that enough is enough! Many of the great men who sacrificed their all to give this country it's birth did so by listening to their hearts and then against all good reason acted on what they knew was right. You Sir, have today, joined the ranks of those men.
I pray God's blessings and protection over you.
From a greatful American,
Stan Pennington
Patriots for Christ
. Reply
Citi Examines Its Carrots and Sticks [view article]
One interesting aspect to this is that regulators brokered the Citi deal and Wells walked away at the last minute. Only later after the bailout was likely, mark to market eased and takeover taxation benefits emerged did Wells step back in.If they think more banks are going to see this kind of trouble and want to maintain credibility in the bidding process, don't regulators have to enforce their first two bidder auction? You ask banks to step up and take on a great deal of risk, but don't actually deliver the reward? The next time this happens, how many won't bid? Or of those that do, will they come with their best bid?
One could also argue that Wachovia might have gone bust had it not been for the interim liquidity provided by Citi. In a normal bidding war, this might be fair play by Wells. But somehow it seems unethical to me for Wells to now take WB after the collapse has been averted and the rules have changed.
I would be surprised if Citi took this under the original terms. But I think regulators damage their credibility if they let Wells walk away with Wachovia now that the risks are a lot lower. Reply
Citi Examines Its Carrots and Sticks [view article]
What are you talking about???Citi has 500 billion in toxic assets and doesn't have money to take over Wachovia!I think Citi risks to go bankrupt!It is the worst financial company in the world. ReplyDid Buffett Kill the (First) Wells Fargo-Wachovia Deal? [view article]
I believe the FDIC/taxpayer assumed 270 billion in guarantees after Citi's first 42. Sure, banks look good with the taxpayer on the hook and free lunch insurance limits going up.Don't know what Buffet is thinking, but Obama will be forced to nationalize the way all of Europe is doing. China has a National Bank, and they seem to be growing. Reply
M. Hunt
Wells Fargo Acquisition of Wachovia Conference Call Transcript [view article]
Drierp, Please see the button for the optional single-page view above. ReplyWachovia for Free? Citi Still Paid Too Much [view article]
I think the author's point wasn't that Wachovia is worth less than nothing but rather that it has no value to Citi specifically. Whether WFC will profit from its offer is a different question altogether. ReplyWachovia for Free? Citi Still Paid Too Much [view article]
Vernon is DA MAN!!! ReplyWachovia for Free? Citi Still Paid Too Much [view article]
Good call my man Vernon.WFC looks like they disagree a little bit, if you call 13 billion a little bit. Reply
Robbing Peter to Pay Paul: More on Wachovia / Citi [view article]
As has been noted the deal stinks! Wachovia has been a great bank. It seems Wachovia execs might also have had had some ulterior motives in this rushed-deal .... they are all set to deploy there golden parachutes...triad.bizjournals.com/...
Reply
Monkey
Turnabout: Wells Fargo's Better Deal for Wachovia [view article]
Not knowing a lot about this, but generally having a bad feeling about the mega-bank Citi - I think if the WFC deal is better for shareholders, let Citi counter-offer; or perhaps Wachovia doesn't want to partner with Citi in any deal? And to say a merger with WFC is a bigger risk for taxpaers than Citi or it affects the FDIC's future ability sounds like pretty much like hogwash. ReplyWachovia for Free? Citi Still Paid Too Much [view article]
To Ishort you...further WRIGHT downs????? Who is WRIGHT? WOW!Your writing is a reflection of who you are? HELP! Reply
Wachovia for Free? Citi Still Paid Too Much [view article]
Much ado about nothing. Citi stays an orphan, which it probably will remain because of its inherent toxicity. ReplyTriple B Coming to NYC: The Effects of Recent Bank Consolidations [view article]
This article fails to pass the "Who cares?" test. ReplyReal Estate Lending Growth, 2003-2008 [view article]
Ishortyou-- before submitting your written opinions, take time off to enroll in a course that teaches you the fundamentals of punctuation, something you should have mastered before graduating from grade school...assuming you did. Reply