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N.Y. Judge Blocks Wells Fargo-Wachovia Deal

The Associated Press  —  Oct 5, 2008

NEW YORK (AP) — The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank by Wells Fargo, Citigroup announced in a news release.

State Supreme Court Justice Charles Ramos issued the order blocking the sale of Wachovia Corp., which Wells Fargo & Co. had agreed to purchase in a $14.8 billion deal.

Citigroup Inc. accused Wells Fargo of trying to cut off its earlier takeover offer of Wachovia's banking operations for $2.1 billion in a deal struck with the assistance of the Federal Deposit Insurance Corp. On Friday, four days after that deal was struck, Wells Fargo said it was buying Wachovia.

Paper Money Discriminates Against Blind, Court Rules

The Associated Press  —  May 20, 2008

WASHINGTON (AP) — The U.S. discriminates against blind people by printing paper money that makes it impossible for them to distinguish among the bills' varying values, a federal appeals court ruled Tuesday.

The ruling by the U.S. Court of Appeals for the District of Columbia Circuit upholds a decision by a lower court in 2006. It could force the Treasury Department to redesign its money. Suggested changes have ranged from making bills different sizes to printing them with raised markings.

The American Council for the Blind sued for such changes but the Treasury Department has been fighting the case for about six years.

"I don't think we should have to rely on people to tell us what our money is," said Mitch Pomerantz, the council's president.

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