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Wachovia for Free? Citi Still Paid Too Much

MAJOR SHAREHOLDERS SUPPORT WELLS FARGO BID TO BUY WACHOVIA. GO TO: marketwatch.com
OTHER SHAREHOLDERS SUPPORT WELLS FARGO BID GO TO:
wachoviavoteno.com
CITI SUES TO PUT TAXPAYERS ON THE HOOK FOR UP TO 42BIL IN LOSSES. CITIGROUP IS A PRIME EXAMPLE OF MAIN STREET'S DISDAIN FOR WALL STREET "FAT CATS" WHO CARE ONLY ABOUT THEIR GOLDEN PARACHUTES AND OUTRAGEOUS SALARIES. CITIGROUP SHOULD BACK OFF ON THE LAWSUIT AND MAKE A SUPERIOR OFFER TO THE WELLS FARGO DEAL WITHOUT TAXPAYER ASSISTANCE. IT IS NOT IN THE BEST INTEREST OF THE US ECONOMY FOR THEM TO PURSUE THE LAWSUIT. CITIGROUP IS TAKING REPUTATIONAL RISK AND MIGHT LOSE CUSTOMERS AND DEPOSITS WHILE NOT MINDING THEIR OWN HOUSE.

Wachovia Dumps Citigroup, Merges with Wells Fargo

CITI SUES TO PUT TAXPAYERS ON THE HOOK FOR UP TO 42BIL IN LOSSES. MAJOR SHAREHOLDERS OF WACHOVIA SUPPORT THE WELLS FARGO OFFER TO PURCHASE WACHOVIA CORP. SEE STATEMENT OF MAJOR SHAREHOLDERS AT: marketwatch.com
LARGE BLOCK OF SMALLER SHAREHOLDER SUPPORT THE WELLS FARGO DEAL OVER CITIGROUP OFFER, GO TO wachoviavoteno.com
FDIC SHOULD USE ANY LEGAL MEANS TO SUPPORT THE WELLS FARGO PURCHASE OF WACHOVIA IF IT IS SUPERIOR TO THE CITIGROUP DEAL AND DOES NOT PUT TAXPAYERS AT RISK. CITIGROUP SHOULD CONSIDER ITS OWN REPUTATIONAL RISK IN PURSUING THEIR LAWSUIT AND POTENTIAL FOR LOSING CUSTOMERS AND DEPOSITS. CITIGROUP SHOULD MAKE A SUPERIOR OFFER TO PURCHASE ALL OF WACHOVIA WITHOUT TAXPAYER ASSISTANCE, OTHERWISE THEY SHOULD NOT EXPECT SHAREHOLDERS TO APPROVE THEIR OFFER WHICH IS SUBJECT TO SHAREHOLDER APPROVAL.

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

CITI SUES TO PUT TAXPAYERS ON THE HOOK FOR UP TO 42BIL IN LOSSES. CITIGROUP IS A PRIME EXAMPLE OF MAIN STREET'S DISDAIN FOR THE "FAT CATS" ON WALL STREET WHOSE MAIN CONCERN IS FOR THEIR OUTRAGEOUS SALARIES, GOLDEN PARACHUTES AND EGOS. FEDERAL BANK REGULATORS AND FDIC SHOULD SUPPORT THE WELLS FARGO OFFER TO BUY WACHOVIA WITH WHATEVER LEGAL MEANS IS AVAILABLE TO THEM GIVEN THEIR FIDUCIARY RESPONSIBLITY TO THE TAXPAYERS. CITIGROUP SHOULD BE MINDFUL OF THEIR OWN "REPUTATIONAL RISK" IN POTENTIALLY LOSING THEIR OWN CUSTOMERS AND DEPOSITS IN THE LAWSUIT. FURTHERMORE, THEY SHOULD CONSIDER THE GOOD OF THE COUNTRY IN THIS ECOMOMIC CRISIS AND EITHER MAKE A SUPERIOR OFFER TO THE WELLS FARGO OFFER WITHOUT TAXPAYER ASSISTANCE OR STOP THE LAWSUIT WHICH CAN POSSIBLY DAMAGE THE FRAGILE ECONOMY FURTHER.

Wachovia for Free? Citi Still Paid Too Much

THE LARGE INSTITUTIONAL INVESTORS OF WACHOVIA INCLUDING DODGE & COX, FIDELITY INVESTMENTS SHOULD CONSIDER CONSULTING WITH MERGERS/ACQUISTION SPECIALISTS TO DETERMINE IF IT IS FEASIBLE TO PUT TOGETHER AN ACQUISITION OF WACHOVIA by WELLS FARGO OR ANOTHER COMPANY IN LIEU OF THE CITIGROUP DEAL IF THEY VOTE NO ON THE CITIGROUP DEAL. OTHER SHAREHOLDERS ARE READY TO VOTE NO, SEE wachoviavoteno.com