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invest1980

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invest1980

Re: PickStocks post# 411163

Monday, 12/29/2014 8:33:25 PM

Monday, December 29, 2014 8:33:25 PM

Post# of 732302
Remember when the FDIC tried to sell Wachovia to Citi for something near $2? billion and Wells Fargo Stepped in and bought them for $13+? billion?

FDIC cares nothing about maximing value for shareholders, only minimizing their own costs. They were only off on that valuation by nearly 700%
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