Wachovia shares down; Citigroup in talks (Charlotte, Stanley: buy, vs., deals)

[brokensky]

Well, who knew. I thought we had seen the last of the big deals since Morgan Stanley pulled out . . . but breaking news . . . Wachovia and Citigroup in talks.

Hang on, Charlotte!

[QC Misfit]

you happen have a link?

[Miker2069]

Seems like this would be one where citi merges with wach vs. the recent deals for wach where they merge another entity into the company. that would be interesting, but wouldn't this also be subject to the same regulatory restrictions that a possible chase and wach merger would face.

[Londonlawyer]

It seems like Citi would simply take over Wachovia like JPM did with WaMu.

[Barkingowl]

I wonder who'll get Citigroup after they buy Wachovia?

[MaxxMe]

They're also in talks with Wells Fargo and Banco Santander (Spain).

[remedy a4]

I hope everyone likes Chinese

GO CHINA GO

[brokensky]

Originally Posted by remedy a4

I hope everyone likes Chinese

GO CHINA GO

Remedy, say it isn't so!!!!

[remedy a4]

its not that America is failing- far from it

but the "rise of the rest" is something that will affect us all

it's important to note how quickly countries like China, Russia, and India are growing- unprecidented rates beyond that of any US growth since the end of the 2nd World War, if not even greater

the world's wealth is shifting- soft power- although still not as strong as US and clearly hard power not as strong as US- is shifting- the earth as we know it will not be the same as we gradually shift back from a unipolar world not to a bi polar world, but to a multi-polar world

look bottom line, there is money in the world, but it's not in the United States, I wouldn't be surprise if a bank like HSBC already with a US presence decided to come in and pick up something like Wachovia- it's all relative really