Wells Fargo Deal: Better for Wachovia Shareholders

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<quote>As a Citi shareholder, and having increased my position substantially this week as a result of this deal, I can only say that if the Wells/Wachovia deal goes through I will immediately close all of my accounts at both banks and will never do business with either of them again. <end quote>
You Greedy SOB! you don't care about anything except money. You're as bad as the greedy, whining Citi Group.
Citi:
O WHAH.. we can't earn money cuz we're stupid, bail us out, government, o wait.. here's an idea... lets be underhanded, and get government aid by buying up a piece of a failing company to get more $$$.
You:
O WHAH... I saw somebody doing something shady and it looked like i was going to get rich if i tried to get something for nothing, but it's failing, so i'm going to take my marbles and go home...

John of NC 9:08AM October 09, 2008

As a Wachovia shareholder, I will vote for the Wells Fargo Deal.
Not just because it is a better deal for my portfolio but because the taxpayers (myself) will not be on the hook for millions of citigroup losses.

John Little of NC 1:05AM October 05, 2008

With the Wells Fargo & Wachovia merger Wells fargo is taking all of Wachovia and no goverment aid. With Citigroup they were taking only parts of Wachovia and the government was going to bail them out. That is the only reason Citigroup wanted Wachovia for the bail out.

of PA 9:00PM October 04, 2008

All of wall street knows there is no deal until there is a vote! Shareholders always have the right to say no!!

shareholder too of 8:47PM October 04, 2008

As a Citi shareholder, and having increased my position substantially this week as a result of this deal, I can only say that if the Wells/Wachovia deal goes through I will immediately close all of my accounts at both banks and will never do business with either of them again.
I understand the concept of a "better deal" and I understand being under presure of asset deterioration and the frustration of shareholders. All that said, TAKING THIS DEAL IS WRONG! You can try to justify it 1,000 times, from all kinds of different perspectives, but we all know that a deal is suppose to be a deal, and when two large organization try to work between the intent of an agreement and the written word, I HAVE NO RESPECT FOR EITHER OF THEM.
If they were a small business, they would be out of business as no other small business would work with someone who wasn't worth their word.
All that said, I feel for the Wachovia shareholders as they have lost tremendously...... But retrading a deal is unforgivable...... Maybe the rest of the market will feel the same and stop engaging in swap or counterparty agreements with Wells / Wachovia.

A. Losing Investor of TX 10:10PM October 03, 2008