The Citi, Wachovia, Wells Fargo ceasefire ends this afternoon, and according to Charlie Gasparino, senior officials in Panditville claim a deal could be worked out today though the "situation is fluid" and Vikram Pandit is a capricious female who changes her mind whenever she wants. The deal would likely be some sort of split of WB between C and WFC. If an agreement is not reached, Gasparino claims, Citi will make good on its threats to sue Wells Fargo for $60 billion in damages.
Update: CNBC confirms Diablo's comment that the 3PM hearing on the dispute has been canceled and the standstill has been extended.
Posted by guest , Oct 08, 2008 12:10PM
i wish charlie would talk more politics like he did this morning
good shit
Posted by guest , Oct 08, 2008 12:11PM
Markets will take care of this shit...C is getting hammered so WFC will just buy everything...they'll buy WB and they'll buy C also
Posted by guest , Oct 08, 2008 12:19PM
Lil Vic has a better chance of a threesome with the Olsen twins tonight than winning the lawsuit against Wells.
Posted by guest , Oct 08, 2008 12:22PM
3: That's really not a fair comparison. How much is the Vik-ing worth, anyway? Everything has a price and there aren't many things he can't buy. Sex with the Olsens probably wouldn't even empty his checking account.
Probably not high on his list anyway. Skinny little creeps, the pair of them.
Posted by guest , Oct 08, 2008 12:24PM
@3 likes to give DB readers boners.
Posted by guest , Oct 08, 2008 12:30PM
@4 - not saying it couldn't happen - all three are rich. Point was that he is not going to win the lawsuit.
Posted by guest , Oct 08, 2008 12:37PM
HAH!! Citi's threat of a $60B lawsuit shows its desperation with its position. Their $$$ claim is ludicrous and Wells knows it. Wells clearly will prevail if it is not forced to bend by Federal regulators.
Posted by guest , Oct 08, 2008 12:38PM
HAH!! Citi's threat of a $60B lawsuit shows its desperation with its position. Their $$$ claim is ludicrous and Wells knows it. Wells clearly will prevail if it is not forced to bend by Federal regulators.
Posted by diablo , Oct 08, 2008 12:40PM
The standstill has been extended. All I know.
Posted by diablo , Oct 08, 2008 12:42PM
one more thing, gasparino doesn't know shit
Posted by guest , Oct 08, 2008 12:53PM
You know, some very intelligent poster put the solution on here yesterday. Looked good to me. A win/win for all. And the stockholders don't get screwed.
You guys ought to send that post to all the principles and make them read it and stop the BS and move along.
Posted by a dead horse , Oct 08, 2008 12:55PM
The best part of all this is that all monetary payouts will be entirely decided by the courts and the number that Citi actually sues for is largely irrelevant. They could have sued for whatever they wanted - $11 trillion, $90 zillion, whatever. Instead, they pick $60 billion - the amount they've written down so far. Vikram is a sneaky beaver.
Posted by guest , Oct 08, 2008 1:13PM
When Charlie says "the situation is fluid", is that his little inside joke about how he is sweating through his underwear?
Posted by guest , Oct 08, 2008 1:14PM
@11 put a cork in it you stupid dickwad!
Posted by guest , Oct 08, 2008 1:18PM
#14, the only ones who wouldn't want an equitable solution are the wells guys. Now play nice.
Posted by guest , Oct 08, 2008 1:26PM
Hey @15, how do you know? Are you sleeping with someone at Wells?
Posted by guest , Oct 08, 2008 1:51PM
#16. It doesn't take a Rhodes Scholar to figure it out.
Posted by guest , Oct 08, 2008 2:11PM
Fuck Charlie the Cunt. Reading about Miley Cyrus' sweet 16 birthday party at Disneyland is more informative.
"The theme park was closed for the supersized soiree, which included a four-song performance by the teen queen and a fireworks display above Sleeping Beauty Castle and 16 giant inflatable candles."
Sing along all you Hanna Montana closet fans.
http://music.yahoo.com/read/news/45612992
What else are you going to do today, seriously. Pain will only get worse and more job cuts.
SPODE
Posted by guest , Oct 08, 2008 2:16PM
Miley got a belly button ring.
Got to hand it to Disney they certainly know how to turn out winners.
Posted by Henry Ryecroft , Oct 08, 2008 2:50PM
Liquid in da panties, Gasbagga.
Wells Fargo & Co buying for $15.1 billion.
http://online.wsj.com/article/SB122303190029501925.html
Posted by guest , Oct 08, 2008 2:53PM
you dumbass@23, that from october 4th.
Posted by Henry Ryecroft , Oct 08, 2008 2:56PM
Made ya look, cocklick!
Posted by guest , Oct 08, 2008 3:17PM
Gabagool
Posted by guest , Oct 08, 2008 3:27PM
Juice N. wants the Citi deal to go through so he can go back to NYC and drink Muscle Milks and get stabbed on the subway.
-S&J
Posted by guest , Oct 08, 2008 4:54PM
no bonuses for the bankers or lawyers.
just pain and the humiliation of having no marketable skill after years of education and experience at a wall street bank or law firm. It must be humbling,
http://endofesq.com/?p=293