Comments on: Wells Fargo Steps in With a Better Offer for Wachovia http://www.consumerismcommentary.com/wells-fargo-steps-in-with-a-better-offer-for-wachovia/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: vilkri http://www.consumerismcommentary.com/wells-fargo-steps-in-with-a-better-offer-for-wachovia/comment-page-1/#comment-184227 vilkri Sun, 05 Oct 2008 01:56:25 +0000 http://www.consumerismcommentary.com/?p=4093#comment-184227 I use Wachovia. I have to change the bank though, if Citi takes them over. I have not forgiven Citi for turning me down when I applied for a credit card after I had lived in London for a couple years. Wells Fargo? I would stay with them. I would even like it. I always liked it that Wells Fargo has this old American bank aura about itself. I use Wachovia. I have to change the bank though, if Citi takes them over. I have not forgiven Citi for turning me down when I applied for a credit card after I had lived in London for a couple years. Wells Fargo? I would stay with them. I would even like it. I always liked it that Wells Fargo has this old American bank aura about itself.

]]> By: kitty http://www.consumerismcommentary.com/wells-fargo-steps-in-with-a-better-offer-for-wachovia/comment-page-1/#comment-184085 kitty Sat, 04 Oct 2008 02:06:21 +0000 http://www.consumerismcommentary.com/?p=4093#comment-184085 @banker: Good point. I was considering buying Wells Fargo shares - not now, maybe if it drops a bit - but this is an interesting consideration. I think though the main reason Wachovia got into this mess was buying a lending company. Sure it was a stupid decision, but at least they weren't the ones giving bad loans.... I have multiple deposits in Wachovia. This brunch is located very close to my home, and recently they had really good rates 4-4.25% on one year CD. I hope Wells Fargo keeps the branch and just changes the sign on the door as I really like people who work there. I am surprised at FDIC supporting Citibank too. If I remember correctly, with Citibank's deal, FDIC would've been on the hook on losses in excess of some amount. Not so with Wells Fargo. Maybe FDIC doesn't like agreements to be broken. But if they didn't have anything in writing... @banker: Good point. I was considering buying Wells Fargo shares – not now, maybe if it drops a bit – but this is an interesting consideration. I think though the main reason Wachovia got into this mess was buying a lending company. Sure it was a stupid decision, but at least they weren’t the ones giving bad loans….

I have multiple deposits in Wachovia. This brunch is located very close to my home, and recently they had really good rates 4-4.25% on one year CD. I hope Wells Fargo keeps the branch and just changes the sign on the door as I really like people who work there.

I am surprised at FDIC supporting Citibank too. If I remember correctly, with Citibank’s deal, FDIC would’ve been on the hook on losses in excess of some amount. Not so with Wells Fargo. Maybe FDIC doesn’t like agreements to be broken. But if they didn’t have anything in writing…

]]> By: Banker http://www.consumerismcommentary.com/wells-fargo-steps-in-with-a-better-offer-for-wachovia/comment-page-1/#comment-184063 Banker Fri, 03 Oct 2008 23:00:14 +0000 http://www.consumerismcommentary.com/?p=4093#comment-184063 Guess what....all the Board of Directors and top management that got Wachovia in big time loan trouble going to Wells Fargo.....be careful what you wish for Guess what….all the Board of Directors and top management that got Wachovia in big time loan trouble going to Wells Fargo…..be careful what you wish for

]]> By: Flexo http://www.consumerismcommentary.com/wells-fargo-steps-in-with-a-better-offer-for-wachovia/comment-page-1/#comment-184019 Flexo Fri, 03 Oct 2008 19:10:30 +0000 http://www.consumerismcommentary.com/?p=4093#comment-184019 I have the same question. The FDIC's statement doesn't elaborate. "The FDIC stands behind its previously announced agreement with Citigroup. The FDIC will be reviewing all proposals and working with the primary regulators of all three institutions to pursue a resolution that serves the public interest." <a href="http://www.fdic.gov/news/news/press/2008/pr08090.html" rel="nofollow">FDIC Press Release</a> I have the same question. The FDIC’s statement doesn’t elaborate. “The FDIC stands behind its previously announced agreement with Citigroup. The FDIC will be reviewing all proposals and working with the primary regulators of all three institutions to pursue a resolution that serves the public interest.”

FDIC Press Release

]]> By: Green Panda http://www.consumerismcommentary.com/wells-fargo-steps-in-with-a-better-offer-for-wachovia/comment-page-1/#comment-184014 Green Panda Fri, 03 Oct 2008 18:51:44 +0000 http://www.consumerismcommentary.com/?p=4093#comment-184014 Why is the FDIC in favor of Citi's deal? It sounds like Wells Fargo is the best deal for taxpayers. Why is the FDIC in favor of Citi’s deal? It sounds like Wells Fargo is the best deal for taxpayers.

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