Posted on 10/03/2008 9:32:23 AM PDT by NormsRevenge
He won’t be just a Treasury Secretary andymore, he’ll be more like the Chancellor of the Exchequer.
13. Warren Buffett owns 9% of Wells Fargo. After the bailout was signed, Wells Fargo jumped in and took away a deal from Citigroup to purchase Wachovia - after Wachovia signed an exclusive agreement with Citigroup. Wells Fargo backed out of a similar deal to buy Wachovia Sunday before the bailout was put into law, so Citigroup and the FDIC put a purchase agreement in place.
Hmmmm.... I wonder how Buffett keep showing up at the financial feeding tough and is able to cut in line for the best morsels?
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