vatexas645

Easing of Mark-to-Market Rules: Good for Banks, Bad for Investors

It seems to me that NOT selling relatively good longterm assets at distress level pricing is a good thing not a bad thing. TARP can still buy the BAD assets as was intended.

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

Citi deal was bad, Wells significantly better; BUT neither deal is good for shareholders. WB is worth much more, especially with the TARP provisions. Shareholders need to hold out for an even better offer. Citi will not be approved by shareholders (my opinion), and perhaps neither will the Wells Fargo deal.

Wachovia Deal: A Home Run for Citi

If this buy-out is in fact required to have WB shareholder approval, it may not be a done deal.