S K Career

Robbing Peter to Pay Paul: More on Wachovia / Citi

The Wachovia Shareholders have to vote on this buy out, I have not heard anything about CITI needing a vote from their Shareholders, if I am wrong, someone send me the article to look into.
I think we just need more information to determine what to do, I am inclined to vote NO and to also encourage all to vote the same way. I am also inclined to look at the Class Action Suit that is being discussed in Coral Gables Florida before I make my decision.
I think the Feds stepped in too soon and forced this deal and that Wachovia can and will survive and that Citi was not the right suitor.
Shame on Buffet for discourging Wells from doing the deal.