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  • Wachovia Deal: A Home Run for Citi [View article]
    I am not so sure how Morgan Stanly can get the money to buy the rest of the Wachovia assets if they still have a huge toxic risky waste in their books, even with the government 'bail out' those assets are going to be auction at market price, that means that the rest of the hole still needs to cover somehow, I would guess they will go to the FED window to raise that capital or raise more capital somehow the rest also applies to BAC, JPM, Citi.
    Oct 01 17:30 pm |Rating: 0 0
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