financial meltdown

An Unfair World

Here you have a guy who basically invented modern banking, and what does he get? A Nobel Laureate? The top job at Treasury? Free parking?

No, sadly the world is not fair.

From wiki: Read more…

Citigroup to Wachovia

Hey! Now wait just one damn minute, Paulson helped us steal you last week fair and square!

Early last week, Citigroup Inc. agreed to buy Wachovia's banking assets for $2.1 billion in a deal brokered by the FDIC. In a surprising twist of events, Wells Fargo announced Friday that it agreed to acquire Wachovia in a deal worth $15.1 billion at the time, or $14.8 billion based on Wells Fargo's closing price Friday of $34.56. Wells Fargo's deal did not require any government support.

It's getting to the point where you can't trust your own fix anymore, and if you can't your own fix, what have you got? Anarchy!

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