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From: NOW10/5/2008 10:42:35 PM
of 306800
 
DId anyone notice that the stock injection plan is an option in the passed bail out bill?

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To: Lynn who wrote (154408)10/5/2008 10:43:33 PM
From: Think4Yourself of 306800
 
I suspect all the legal wranglings will be done with by morning. The government appears to be putting it's foot down very hard today. They are not going to let this fester. I read they basically locked C and WFC reps in a room today and told them "work it out!"

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From: NOW10/5/2008 10:44:49 PM
of 306800
 
THIS American LIFE on Crisis

podcast.thisamericanlife.org 

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To: NOW who wrote (154411)10/5/2008 10:50:20 PM
From: XBrit of 306800
 
My darling wifey has been listening to This American Life the past 3 weeks, she says they've done a superb job of explaining, demystifying and analyzing the current crisis.

She also says the explanations mostly come out the same as mine, which I think I'm gonna take as a compliment <G>.

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To: Les H who wrote (148705)10/5/2008 10:53:36 PM
From: NOW of 306800
 
<Pelosi rejects 'blank check to Wall Street'>
lol

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From: Bank Holding Company10/5/2008 11:12:11 PM
of 306800
 
Govt Mule - thorazine shuffle.
youtube.com 

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From: Patricia Trinchero10/5/2008 11:17:59 PM
of 306800
 
Just got this off Calulated Risk's Blog:


Wachovia Battle: Appellate Court Rules for Wells Fargo
by CalculatedRisk

The AP is reporting tonight that the Appellate Division of the New York State Supreme Court threw out the lower court order favoring Citigroup (to temporarily halt the Wells Fargo acquisition of Wachovia). (hat tip Kevin)

The AP is also reporting that documents filed with the court reveal that the FDIC had informed Wachovia that the bank would be seized last Monday if a deal wasn't reached immediately.

The WSJ reports: Fed Pushes to Resolve Wachovia Deal Dispute

In a sign that U.S. officials are concerned about the increasingly volatile situation, officials from the Federal Reserve were pushing hard for Citigroup and Wells Fargo to reach a compromise. That effort could result in essentially carving up the Charlotte, N.C., bank between its two suitors, these people said.
The Fed is still working weekends.

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To: Bank Holding Company who wrote (154414)10/5/2008 11:18:45 PM
From: Pogeu Mahone of 306800
 

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To: Elroy Jetson who wrote (154395)10/5/2008 11:23:45 PM
From: NOW of 306800
 
he did call it a crime: transcript:"There is no defending," Grant replies. "A trainee making 45,000 a year would have had the common sense not to bet the firm on mortgage contraptions that no one in the firm actually understood. That is not a deep point to comprehend. Somehow, through, I will call it a criminal neglect and incompetence, the people at the top of these firms chose to look away, to take more risk, to enrich themselves and to put the shareholders and, indeed, the country, itself, ultimately, the country's economy at risk. And it is truly not only a shame, it's a crime."

what is there to disagree with?

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To: Stefan who wrote (154378)10/5/2008 11:44:19 PM
From: TheStockFairy of 306800
 
almost all companies are on autopilot. your plan sounds sane.

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