10-03-2008, 07:34 AM | #1 | |||
Hall Of Famer
Join Date: Jan 2001
Location: Decatur, GA
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Wachovia says NO to Citi; Yes to Wells Fargo
Wells Fargo in a Deal to Buy All of Wachovia - NYTimes.com
Quote:
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10-03-2008, 07:51 AM | #2 |
Hall Of Famer
Join Date: Apr 2002
Location: Back in Houston!
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Wait, so the financial world didn't end ahead of the bailout and now someone even values some of this stuff on the open market to the point where they are bidding for it?
SI
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Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!" |
10-03-2008, 08:01 AM | #3 |
College Benchwarmer
Join Date: Nov 2000
Location: Amarillo, TX
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Well, until Wells Fargo fails next week, anyway.
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10-03-2008, 08:09 AM | #4 | |
Pro Starter
Join Date: Oct 2000
Location: Cary, NC
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Quote:
Yes. Those in decent shape that can afford to eat the bad assets are setting themselves up nicely for once those assets are off the books...
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10-03-2008, 08:18 AM | #5 | |
lolzcat
Join Date: Oct 2000
Location: Annapolis, Md
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Quote:
I think that's basically it. If you are strong enough to ride out this storm, then Wachovia is worth more together than its components are worth separately. Wells Fargo is pretty strong, and this probably makes sense for them to dramatically increase their footprint. |
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10-03-2008, 09:01 AM | #6 |
Hall Of Famer
Join Date: Jan 2001
Location: Decatur, GA
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"A prayer for the wild at heart, kept in cages" -Tennessee Williams |
10-03-2008, 09:21 AM | #7 |
Head Coach
Join Date: Oct 2000
Location: NYC
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It makes a lot more sense. They'll be able to operate in the east, Wells mostly in the west.
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10-03-2008, 11:16 AM | #8 |
World Champion Mis-speller
Join Date: Nov 2000
Location: Covington, Ga.
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10-03-2008, 12:36 PM | #9 |
College Benchwarmer
Join Date: Apr 2008
Location: Sterling Heights, Mi
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Seriously... how many banks are left? 4?
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10-03-2008, 03:11 PM | #10 |
College Starter
Join Date: Oct 2000
Location: Pittsburgh, PA
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Actually, around 8,000
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10-03-2008, 03:51 PM | #11 |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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its a race to become the next "too big to allow to fail" institution!
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10-03-2008, 04:43 PM | #12 | |
College Prospect
Join Date: Oct 2000
Location: The Flatlands of America
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Quote:
The 1st reality show for the Bloomberg Network. Season premier tonight!!!
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