C.elder

The Duplicitous Sheila Bair

seems that the real difference in this deal is that under the Citi deal the FDIC would have had an $11billion stake and shared in the clear upside as Wachovia improved,while providing a gtee for any losses in excess of $42billion i.e. highly remote.Whereas in the Wells deal the FDIC gets nothing in the upside,and will still have to buy the poor assets under the TARP.So Wells and Buffet have taken all the potential upside for themselves .Does this not sound like greed?