I find this hard to believe. I am sure it is going to happen, but this is my point. Citigroup is not in a good position to buy anything. They couldn't buy WAMU when it went under. They are in in the same deep water as most of these other mortgages that have a good chance of having to declare bankruptcy. Even with the bailout.
But I digress.
The Wall Street Journal reported the story in its Thursday edition, saying Citigroup is one of numerous bidders for Chevy Chase Bank.
Chevy Chase Bank is reportedly in negotiations with potential buyers, including banking giant Citigroup.
I have not been able to find confirmation on this though.
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