I remember a recent ad campaign, which I believe you have since ceased, where your catchphrase was:
“There’s more to life than money.”
Heed your own words and go away.
The Wells Fargo deal is better for shareholders and taxpayers.
With any luck, your name will soon go away, along with any number of other poorly run institutions.
CitiGroup’s damages from Wells actions are enormous–they won’t have the Wachovia shell available through which they had intended to launder the billions of government (taxpayer) money I believe they expected to have passed to them by Treasury to prop up their loser company.
In my opinion, CitiGroup is in no better financial condition than Wachovia was, the only difference is Wachovia’s bad loans are in the US where we can see them an Citi’s are in Latin America, East Asia and Africa where they can pretend they are good so as to write them off over years instead of recognizing the problems today and being declared broke.
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I agreement the Citigroup demand does seems unenforceable as it is “contrary to public policy.”
What is their damages? Profits they want to make on the deal is not in my oponion damages.
Citigroup-
I remember a recent ad campaign, which I believe you have since ceased, where your catchphrase was:
“There’s more to life than money.”
Heed your own words and go away.
The Wells Fargo deal is better for shareholders and taxpayers.
With any luck, your name will soon go away, along with any number of other poorly run institutions.
Good advice.
CitiGroup’s damages from Wells actions are enormous–they won’t have the Wachovia shell available through which they had intended to launder the billions of government (taxpayer) money I believe they expected to have passed to them by Treasury to prop up their loser company.
In my opinion, CitiGroup is in no better financial condition than Wachovia was, the only difference is Wachovia’s bad loans are in the US where we can see them an Citi’s are in Latin America, East Asia and Africa where they can pretend they are good so as to write them off over years instead of recognizing the problems today and being declared broke.