Wells Fargo (WFC) Swoops in to Steal Wachovia (WB) from Citigroup (C)

I keep saying historical times. I keep seeing new things I’ve never seen before. One company coming in and taking away a company that has already agreed to a contract with another (government assisted no less). Boggling. This says “Warren Buffet is confident the mother of all bailout passes and he can unload Wachovia option ARM loans onto the US people”In an abrupt change of course, Wachovia said Friday it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal, trumping rival suitor Citigroup’s plan to acquire Wachovia’s banking operations. A …
Original Source: http://feeds.feedburner.com/FundMyMutualFund

  3 October, 2008| Fundamental Analysis | @ 6:26

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