po'd in Plano

Wachovia Dumps Citigroup, Merges with Wells Fargo

FDIC is talking out both sides of their mouth here. Citigroup was getting a deal out of the Jamie Dimon playbook. Obviously Wells wasn't stopped from continuing to look over Wachovia's books. FDIC has got some 'splaining to do

Anyone really think Citigroup is in a position of strength? The company is a mess...Vikram P. needs time to get THEIR act together first. Unless, the FDIC just wants to hand "C" $400 billion in deposits at a low premium. It's smelly