Sunlight Foundation

Financial Bailout: Citigroup purchasing Wachovia

By Bill Allison Sep 29 2008 1:13 p.m.

Just curious: Is Citigroup, in purchasing Wachovia and absorbing up to $42 billion in losses, making a good investment? Are they looking at Wachovia's red ink, or is there estimation of the bank's worth based on the notion that its balance sheet will soon be brought into the black co

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