TwinTurbo.NET: Nissan 300ZX forum - It wansn't just a "swoop in and save the day"
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Subject It wansn't just a "swoop in and save the day"
     
Posted by Z_Cherub on March 29, 2010 at 12:56 PM
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In Reply To What, are you like 12? Do you really think that posted by HighPsi (NorCal) on March 29, 2010 at 10:39 AM
     
Message transaction that both companies wanted and believed was mutually beneficial -- Wachovia was already in the hot seat with the FDIC for their mismanaged loan portfolio, and it was either a merger w/ Wells Fargo, or and FDIC overseen merger / perchase agreement with Citi.

Not to mention that Wells / Wachovia is now on the hook for ~$160MM in fines, etc. due to their neglegence in detecting a money laundering ring that was running funds through their institution for/by the Mexican drug cartel.

     
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