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Re: Wachovia-Citi. There are still legal issues to be resolved, and Citi is not going away without a fight. They'll spend $100 million in legal fees before they'll ante up another $12B and enter a bidding war. The shareholders are in for a roller-coaster for the next several quarters.
Oct 04 11:52 am
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All Comments by Dave O. »Musical Chairs - Cramer's Mad Money (10/3/08) [View article]
Too bad Alan Fishman of WaMu didn't have this kind of foresight. The shareholders got raped by the FDIC and Al "The Shark" gets to retire early. Nice work.