gordon9

Robbing Peter to Pay Paul: More on Wachovia / Citi

If you think they need your "Yea" vote, you're only kidding yourself. 73% of the shareholders are institutional. They already secured enough of the big guys to make the deal. I would never vote in favor of this deal...it's a sham. It was done for Congress. The Fed wanted to demonstrate the urgency for voting yes to the bailout. That explains the timing. The price Citi paid was the lowest in history for bank assets. Basically, Bob Steele sold us out. Thank him for our $3 stock!!!!
Angry shareholder