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To: Sr K who wrote (87335)	9/30/2008 1:27:57 AM
From: stockfiend	Read Replies (1) \| Respond to of 116555

bloomberg.com "Citigroup will absorb as much as $42 billion of losses on Wachovia's $312 billion pool of loans, the FDIC said in a statement. The regulator will take on losses beyond that amount in exchange for $12 billion in preferred stock and warrants." marketwatch.com{633CD0D5-5FFA-42B8-BBF3-0E6402BEE599} "As part of the deal, FDIC agreed to protect Citi against losses on $312 billion of Wachovia's more troubled assets, including more than $100 billion of option adjustable-rate mortgages from its doomed acquisition of Golden West at the peak of the housing boom in 2006."