Wells, Citi And Wachovia Take A Breath
After a weekend of back and forth, one judge's order to stop Wells and Wachovia from proceeding on Saturday, and appellate court overturning that order on Sunday, and a $60 Million CitiGroup (C) suit against both Wells Fargo (WFC) and Wachovia (WB), the three parties have agreed to a temporary halt to all litigation and discovery until Wednesday at noon.
Which just demonstrates the fallout that can be expected as the government (in this case, the FDIC) strong-arms companies to act, no matter how imprudently, to prevent the government from stepping in and (in this case) taking yet another bank into receivership.
Contest #3 will continue another week…
We have not had any takers on Contest #3. We know it requires a little more thought than the first two contests required, but it’s worth the effort. We’ll give it an additional week and see. Please don’t hesitate to check it out!
Westboro – As Phake As You Can Get
My good buddy Bithead made passing mention yesterday of yet another of Westboro’s (the “church” from Topeka Hell) planned outings, this one to Heath Ledger’s funeral. He rightfully calls them the “slugs” they are, but then says (to...Stay in Touch
