Tsk tsk, Wells Fargo. You should’ve known that stealing Citibank’s unspoiled bride at the alter was going to draw a bitter legal challenge. Late last night, Citibank’s team of repo-lawyers claimed a partial victory, announcing that a New York judge has agreed to block Wachovia’s sale. Citibank is also demanding $60 billion from Wells Fargo for interfering with the deal.
Not So Fast: Judge Blocks Wachovia Sale To Wells Fargo, Citibank Rejoices
By October 5, 2008
Nobody Panic: Government Seizes Freddie Mac, Fannie Mae
By September 6, 2008
Oh dear, all that talk about Freddie and Fannie being “adequately capitalized” was utter bullshit and the government has now announced plans to place the failed government sponsored enterprises into conservatorship. That means the fate of the housing market and the global economy rest squarely on the shoulders of U.S. taxpayers.
By February 4, 2008
Yahoo is re-opening talks with Google about a possible business alliance in an effort to rebuff Microsoft’s takeover proposal, which Yahoo says undervalues the company at $31 a share.
United: We Might Buy Delta, Too. Er, Instead.
By November 16, 2006
Reuters is reporting that United Airlines has its formerly-bankrupt eyes on Delta as well:
