charles hopfl

Musical Chairs - Cramer's Mad Money (10/3/08)

Someone is going to have to pay some heavy damages if the Wachovia-Wells deal gets made. After announcing that it had a written deal, Citicorp stock was bought by many and Wachovia stock was sold by many, all who are all now feeling the misled for good reason. If there was actually a written deal, then the Wells people should feel the wrath of the Texaco deal, and if it puts them out of business, so be it. The fed and the Treasury should step in here since they can control what goes on especially if they are buying the bad assets of both Wells and Wachovia (assuming these smart institutions had a few bad loans on their books).