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From: Lat...@gmail.com
Date: Fri, 3 Oct 2008 12:04:23 -0700 (PDT)
Local: Fri, Oct 3 2008 3:04 pm
Subject: Deal with WFC makes no sense...
If Citi could give the government to 14 billion in warrants to
backstop anything beyond 42 billion in loss, with the passage of the bill, the backstop becomes unnecessary, they could simply take the 14 billion back from the government and give it to the shareholders and just absorb the whole dam thing and just collapse what is redundant. The FDIC allowing WFC to take WB for 15B does not make sense, but
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