http://blogs.kansas.com/business/2008/10/31/a-double-standard-for-wachovia/ Insights into Wichita business from the staff of Business Today Mon, 23 Nov 2009 20:00:45 -0600 http://wordpress.org/?v=2.8.5.2 hourly 1 http://blogs.kansas.com/business/2008/10/31/a-double-standard-for-wachovia/comment-page-1/#comment-1604 inquisitive1 Mon, 03 Nov 2008 18:27:25 +0000 http://blogs.kansas.com/business/?p=764#comment-1604 The management of both Citi and Wachovia have both contributed mightily to the greatest national & global financial institution meltdown in history. Wachovia's vulnerability was, simply, that is was not too big to fail, while Washington will throw as many billions at Citi as needed to prop it up and give it life support, courtesy of US taxpayers. Maybe our election tomorrow should include a vote on which banks should be bailed out and which should be allowed the mortal consequences of grossly poor and greed-motivated management. The management of both Citi and Wachovia have both contributed mightily to the greatest national & global financial institution meltdown in history. Wachovia’s vulnerability was, simply, that is was not too big to fail, while Washington will throw as many billions at Citi as needed to prop it up and give it life support, courtesy of US taxpayers. Maybe our election tomorrow should include a vote on which banks should be bailed out and which should be allowed the mortal consequences of grossly poor and greed-motivated management.

]]> http://blogs.kansas.com/business/2008/10/31/a-double-standard-for-wachovia/comment-page-1/#comment-1597 bth Fri, 31 Oct 2008 21:00:20 +0000 http://blogs.kansas.com/business/?p=764#comment-1597 And, by the way, perhaps a bit of jusgement about the competence of management. And, by the way, perhaps a bit of jusgement about the competence of management.

]]> http://blogs.kansas.com/business/2008/10/31/a-double-standard-for-wachovia/comment-page-1/#comment-1596 bth Fri, 31 Oct 2008 20:59:41 +0000 http://blogs.kansas.com/business/?p=764#comment-1596 I think the judgement was that the total cost of assisting a Citi takeover of Wachovia would be less than a direct bailout of Wachovia. I think the judgement was that the total cost of assisting a Citi takeover of Wachovia would be less than a direct bailout of Wachovia.

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