Citibank Suing Well Fargo and Wachovia

[Pizza]

I guess while the banks are screaming for government money to save them, that still doesn't stop them from trying to cut another bank's throat:

Story Here.

[NowImDownInIt]

This is so stupid. It's as simple as, the documents weren't signed, so it wasn't final. Get over it!

[JRScott]

Personally looking at it Citi lowballed their offer at 1 dollar a share or less.

Wells Fargo offered a better deal to Wachovia's shareholders and customers by offereing 7 times that.

Also since Wachovia is practically bankrupt isn't this a frivolous lawsuit since they couldn't possibly pay such an award.

[NowImDownInIt]

Personally looking at it Citi lowballed their offer at 1 dollar a share or less.

Wells Fargo offered a better deal to Wachovia's shareholders and customers by offereing 7 times that.

Also since Wachovia is practically bankrupt isn't this a frivolous lawsuit since they couldn't possibly pay such an award.

I agree that Citigroup's offer was a pittance. Also, Wells Fargo required no government assistance in their purchase while Citi did.

I think that the lawsuit is ridiculous, but they are suing Wells Fargo and Wells Fargo is not bankrupt or even near bankruptcy.

[magyar123]

Catfight - hope they scratch each others' eyes out.