Wells Fargo conducts all of its operations as a predatory lender, just seems to have a little more legislative obfuscation on their side. It is time we pulled out the Anti-Trust laws and pruned some of these parasitic behemoths back to size. If we can break up ATT then why not B of A, Wells Fargo, and the likes.
Not to mention the taxpayer would be on the hook for more of the exposure under the Citi deal as the FDIC was going to back Citi on the deal. Why should shareholders & taxpayers lose out on a which allows Citi to steal the company?
Don’t the stock holders have to approve any deal before the bank can sell?
Let them vote who they want to buy them out – that should kill off the legal problems.
My bet, $16B sounds a whole lot better than $2.2, plus limited shares in Citi.
Wells Fargo conducts all of its operations as a predatory lender, just seems to have a little more legislative obfuscation on their side. It is time we pulled out the Anti-Trust laws and pruned some of these parasitic behemoths back to size. If we can break up ATT then why not B of A, Wells Fargo, and the likes.
Not to mention the taxpayer would be on the hook for more of the exposure under the Citi deal as the FDIC was going to back Citi on the deal. Why should shareholders & taxpayers lose out on a which allows Citi to steal the company?
We want and need the Wells Fargo deal.