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@clod: if the bail out bill buys the Wachovia toxic waste such option pay and ARMs for what it cost Wachovia, which is unlikely, and Wachovia will not need to raise more capital after the transaction is done due to the difference, and the rating agencies do not downgrade the ratings in Wachovia debt, and depositors stop running from the bank like chickens without heads, then you got a deal!
Oct 01 22:56 pm
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All Comments by Ishortyou »Wachovia Deal: A Home Run for Citi [View article]