Drastic solutions
A 90 year old woman facing foreclosure in Akron OH attempted suicide as sheriff's deputies tried to evict her. The sad tale ended well as she is expected to survive the gunshot to her chest and Fannie Mae announced it would dismiss the foreclosure action, forgive her mortgage and allow the woman to return to her home. Read the complete story.
Now maybe Bob Steel at Wachovia could try a similar stunt to extricate Wachovia from the grips of Citi and be allowed to merge with Wells Fargo who will pay $15.1B rather than $2.16B (for just the banking operation) and not require any taxpayer assistance unlike the Citi deal brokered by the FDIC with a mere couple of hundred billion dollars worth of government backstops.
Gee, I wonder which deal might be better for everyone except Citi. 
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