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Started By
Message
Wells Fargo says it is acquiring Wachovia for $15.1 billion,
Posted on 10/3/08 at 6:53 am
Posted on 10/3/08 at 6:53 am
Breaking news on CNN.
Edited to add:
Edited to add:
quote:per CNN Money
BREAKING NEWS
Citi demands Wells Fargo terminate deal with Wachovia, claims it is 'clear breach of exclusivity agreement.'
This post was edited on 10/3/08 at 9:34 am
Posted on 10/3/08 at 8:23 am to MileHigh
have synthetic short of WB?
Posted on 10/3/08 at 8:24 am to Putty
quote:
have synthetic short of WB?
no puts.
I made bank on them, but this is the difference between 200% gain, and 400% gain.
Posted on 10/3/08 at 8:30 am to MileHigh
quote:
no puts.
That's a synthetic short.
Posted on 10/3/08 at 8:33 am to Tiger JJ
quote:
That's a synthetic short.
quote:
Remember I work in fast food. I am borderline incompetent at life, and especially anything involving higher brain functions. Plus I am almost always high.
Posted on 10/3/08 at 8:36 am to MileHigh
Right right. And thus the dabbling in financial derivatives.
Posted on 10/3/08 at 8:38 am to Tiger JJ
quote:
And thus the dabbling in financial derivatives.
I only trade based on your or the Col's advice.
Posted on 10/3/08 at 9:33 am to MileHigh
quote:Per CNN Money
BREAKING NEWS
Citi demands Wells Fargo terminate deal with Wachovia, claims it is 'clear breach of exclusivity agreement.'
This post was edited on 10/3/08 at 9:34 am
Posted on 10/3/08 at 9:41 am to Putty
Posted on 10/3/08 at 9:43 am to MileHigh
i just sold wb 1000 wb @7.01 they can fight this s**t out in court but i will put the 7k to work somewhere else and take my 3.5k loss.
Posted on 10/3/08 at 2:03 pm to morgcl
quote:
Citi demands Wells Fargo terminate deal with Wachovia, claims it is 'clear breach of exclusivity agreement.'
Wow this is really getting strange. I guess Citi thinks they are getting a deal.
Posted on 10/3/08 at 2:57 pm to sabbertooth
I hate citi they had my last mortgage they can suck it.
Posted on 10/4/08 at 3:41 pm to poboydressedplease
The reason Wells Fargo is acquiring Wachovia for such a big price tax stems almost solely from the notice (Notice 2008-83) the IRS issued ON TUESDAY with respect to changes in the code.
The tax savings that WF will get due to the change is well above what it is having to pay for Wachovia.
The tax savings that WF will get due to the change is well above what it is having to pay for Wachovia.
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