obviously MS survived this round. But 10% preferred will be a drag on their earning power in the near future.

[此贴子已经被作者于2008-10-13 10:24:58编辑过]

of course. I think that i said it in the previous post. but it's not called dilutive. The the convertible shares will be dilutive though once being converted to common shares.

But the MS deal was blessed by the gov. According to NYTimes, the gov. told the Japanese that their investment will be protected by the U.S. I hope that it's written, other than a handshake.

wasn't Citi 忽悠ed by FDIC? :(

yeah there is finally one thing we agree on. lol. btw did you read that Sheila Bare (sp?) called WFC for that offer? She 忽悠ed Citi.
Pandit will make her pay. lol.

WB's board will be worthless without Citi.
Anyway, what Bair did(thank you) is quite damaging. Nobody will answer her call for help next time. And let me put my words here that Citi will revenge one day:p

she looked at WB's book and she goes "shit, FDIC can't afford this sucker!" lol