I hope Citigroup crashes to zero. Trying to buy a company for mere $1
per share...and now whining because WFC was smart enough to offer
more. They just lost $20 billion dollars in market cap...haha good for
C's CEO.

They are losing $22 billio now! They could've offered $10 per share to
WB instead...

I think there is going to be a big pressure from C's side to sweeten
their bid for WB or the CEO is going out...after this mess.

I have nothing constructive to say to your desire that Citigroup
crashes to $0 other than the more than 200,000 US employees sure do
hope that is not the case. Guk- you are an idiot...the deal was
structured advantegous for the C shareholders as it should have been
with the risk of WB books that they were assuming. The passage of
allowing full recognition of loss in the year of acquisition on Monday
completely changed the game and the value of the acquisition after the
agreement was entered--- therefore WFC new found interest. The change
in accounting rules on Monday will likely cause an increase in the bid
for the WB assets and because of the WFC bid at $7 then it may be
likely to ease the integration process that they will follow suit but
WB and WFC were both in the wrong on this deal and C should press for
losses - causing WFC to in part foot the cost of their new cost of
acquisition thanks to their tort interference.  WB is not such a great
firm itself with their $120Bn plus of crummy assets purchased through
the Golden acquisition--- they unfortunately made a horrible mistake
in part due to timing of the mortgage crisis that requires the firm's
rescue nevertheless.

If anything, this injunction will have the effect of C going higher
and WB going lower on Monday.

Citi has billions upon billions to write down.  They absolutely need
Wachovia's deposits to maintain good credit ratings and to remain
competitive with BAC and JPM.  The case will be thrown out once
fiduciary responsibility is argued.  The government forcing a deal
when the FDIC has not seized WB is illegal.  Being a publicly held
company, the shareholders have to approve this deal.  Unless the FDIC
comes in and seizes WB (unlikely) then C can argue all they want...a
deal will not be struck now that a much higher offer is on the table.
I respect your ability to have an opinion CK, but legally WB and WFC
did nothing wrong.  Read the Exclusivity Agmt again and you will see
the loophole.

WB will open Monday at $4. IMO And the reason why is that anyone
buying the stock has a risk that it's worth $1 Citi Bid (2B for 2B
shares) and a reward of $7 WFC bid. I can't see anyone bidding $6.50
to make 50 cents with that risk. There will be lots of sellers
tomorrow. So $4 IMO unless we get some good news