Can Citi really force Wachovia to not merge with Wells Fargo?

http://biz.yahoo.com/ap/081003/wells_fargo_wachovia.html

Answers

Future1investor answered a question in Latest News.
203 points

Future1investor answered one year ago …

New York State Supreme Court Justice Charles Ramos granted an injunction extending Wachovia's agreement to negotiate exclusively with Citigroup.

In my opinion however it comes back to playing in the Boys Club of the Treasury and Federal Reserve. This is were assets are granted to the members of the Boys Club. If you are a member of the club so-to-speak you get first dibs.

I'll leave it up to you as to weather to call it a criminal action on the part of the Treasury and Federal Reserve.

Know this:
Wells Fargo said it had signed an agreement to buy the whole of Wachovia, including its asset management unit and retail brokerage, for about $15 billion, roughly seven times more than Citi.

In a true and independent free market would this (Citi) happen? Or would the Wells Fargo deal happen? Easy to answer!

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