mikeg3

Wachovia for Free? Citi Still Paid Too Much

If the Wachovia shareholders turn down the Citi merger, they are left with no Fed guarantees and an unsalable, insolvent bank.

At least the residual Wachovia will be solvent and positioned for success.

Probe of Citigroup et al Could Hit Financial ETFs

It's amazing how NY Attorneys General run for Governor by trashing major employers.

Can you imagine the Governor of Michigan suing Ford or the Governator of California suing Disney?

No one expected these auctions to fail, but hindsight is a wonderful thing.

Large Banks' Net Income History

Please explain the headings FY1, FY2, and FY3.

Banking Sector: Band-Aids Just Won't Do It

My understanding is that a lot of GSE stock is held by other financial institutions. Wipe out the stock and the banks, etc., take a big write-off (not just a write-down) and need to raise more capital at a bad time.

Of course the shorts writing for Seeking Alpha will be thrilled.