hunter

Citi Examines Its Carrots and Sticks

With either deal Wachovia shareholders are not getting just value for what Wachovia is worth. With the rescue package passed and relaxation of mark to market accounting rules Wachovia may want to remain independent. Wachovia employees should push for them to remain independent. Maybe even tkae pay cuts to improve the company.

Who Is Now Number One in the Banking Industry?

The best thing for the banking public may be for Wachovia to remain independent. If Wachovia is bought competition will lessen and that will be bad for the consumer. I too hope Wachovia will take advantage of the rescue bill and the relaxation of mark to market accounting rules. Wachvovia has a very profitable retail bank and their customer satisfaction reviews are among the highest in the industry. With the rescue package passed Wachovia can overcome its mtg woes and earn itself out of this mess. If Wachovia employees truly care about their company they should do what airline industry employees have done and take pay cuts to ensure their future. Wachovia's Sr MGRs should take the lead in salary cuts and take back ownership and make their company great again.

Wells Fargo's Big Deal: The Strong Keep Getting Stronger

Amen ishortyou. With the rescue package in place and relaxation of mark to market accounting rules the best thing for Wachovia may be to remain independent. No matter what Citi does Wachovia shareholders will decide this issue. Neither Citi nor Wells are offering a fair price for Wachovia and the large shareholders of Wachovia will see that.

Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System

After all this wrangling between the two banks attempting to buy wachovia the wachovia share holders will ultimately decide. The FDIC had no business bulldozing Wachovia into a deal with Citi. Wachovia is not in jeopardy and now with the rescue package passed and relaxation of mark to market accounting rules Wachovia should remain independent. Remaining independent may be the best thing for Wachovia shareholders and the banking public. If the 4th largest bank is no longer competition will lessen and the consumer will be hurt with higher fees ect. Wachovia shareholders are not getting a good deal either from Citi or Wells Fargo. Wachovia has a lot of underlying good businesses. Their retail bank is among the best and most profitable among its peers. Wachovia should be getting no less than 30 billion to sell. With Citi's troubles Wells Fargo needs to step to the plate with a better offer an offer that will resolve the issue once and for all.

Wachovia for Free? Citi Still Paid Too Much

Wachovia is getting a raw deal from everyone involved in this deal from the Govt down. It will never pass shareholder vote. So get ready for a battle Feds and Citi.

Wachovia-Golden West Transaction: A Disaster Without Peer

Every Wachovia Shareholder needs to vote no. Why should Wachovia give their bank to Citi. I doubt there are 42 billion bad mtg loans. probably more like 15 billion. Once the rescue package is passed Wachovia can put those bad non performing loans into the fund just like all the other banks will do. The price Citi paid is a hold up and rape of wachovia shareholders. At least if I am going to get raped I would like to be kissed!!! and I am definetly not being kissed.

Did Buffett Kill the (First) Wells Fargo-Wachovia Deal?

If the rescue package passes congress the citi buy of Wachovia is far from a done deal. Wachovia employees should consider taking over Wachovia even take pay cuts to save the company. This deal was hastly done and the shareholders should vote it down. Supposedly Wachovia had above required capital and liquidity. What got Wachovia was the CDS's, JPM write down of 31 billion of the WAMU mortgage portfolio,and the mark to market accounting that will be relaxed in the rescue bill. The banking industry needs Wachovia to survive to keep competition in the market. If Wachovia is no longer it will bad for consumers if there are only three big banks Citi,JPM, and BAC. The employees should take pay cuts just like the airline industry and take control of Wachovia. Once they have control they need to get rid of the idiots in Mgt that got them in the shape they are in. Once the 700 billion bill passes Wachovia can move their toxic mtg loans off their books into the Govt fund. This will enable them to start doing business as usual again.

Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward

Yes Golden West is the culprit. But those loans would have gone bad no matter who owned the Co. If Golden West were still a company on its own the bad mtg loans would still be bad. The Govt is the number one contributor to all these mtg loans going bad by making financial institutions make 100% LTV loans under the CRA(community reinvestment act). It doesnt matter whether its Golden West, Wachovia, or any number of mtg lenders. The Govt wanted these people in these homes and threw out sound lending practices to force financial instutions to make them.

Is Wachovia's $150 Million Ad Account Smart Spending?

If the media mongers would just leave Wachovia alone Wachovia will succeed. No way can you can compare Wachovia to WMU but now that WMU is gone the media wants to try bringing Wachovia down. Bob Steel has a plan and it will succeed. I just wish all those journalist who incorporate sensationalism into their reporting would jump off a cliff never to be seen again. This type of reporting is bad for companies and the overall health of the economy. All the banks are in the mtg mess. Some have mtg losses far greater than Wachovia. The Govt helped create the mtg mess with such laws as the CRA (community reinvestment act) where banks were forced to make mtgs to minorites ect at 100% or greater loan to values knowing they did not qualify for the loans. A lot of the losses are in this type of loan. It has a snowball effect. Declining home values,high fuel prices,loss of jobs all contributed to these mtgs going bad. The CRA act contributed greatly to these mtgs going bad. The Govt helped create this mess so its only right they help the financial institutions over come it by the rescue bill that will be passed by congress and signed into law by the President.

Wachovia Stanley? Really?!

mr.g you must not have heard wachocia CEO Bob Steel said his # 1 platform is total transparency. Why on this earth did Chris Cox SEC chairman eliminate the up tick rule July 07. This rule has been around since 1933 and would stop short sellers from driving good companies out of business. Short sellers can not do their dirty deeds if they are visible and can be tracked which what the up tick rule did. The SEC needs to reinstate this rule and even put a 90-120 day ban on all short selling. This will allow the dust to settle and not force good companies like the investment firms out of business.

Chewing on the FDIC List of 'Problem' Banks

Doom and Gloom is what you are all about. Sensationalism news reporting thats what makes you tick. You must be in with the short sellers because you sure like to do anything you can to drive the share price of stocks down. The Fed, treasury, and SEC is on top of the markets. Please let them do their jobs without your negative influence.

Is Wachovia the Worst Run Bank in America?

How many more times are you going to revisit this.I am sure you bought the stock short and will be covering any time now.

Why Does Wachovia Have to Pay Up for CDs?

Vernon I cant add anything to what others have said. Looks like they know you pretty good.

Why Does Wachovia Have to Pay Up for CDs?

Vernon I cant add anything to what others have said. Looks like people know you pretty good.

Wachovia's Problems Worsen

your article smells of short selling to use words like imminent collapse