Warren Buffet - ‘Wells Fargo to Experience Unusually Large Losses’ & BofA May Cut Dividend
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2008-05-08 — ml-implode.com
``So, it should be obvious now that Wells Fargo isn’t what management portray it to be. They did their fair-share of dirty lending as one of the leaders in Subprime, Alt-A and Home Equity. As a matter of fact, they still hold $84 BILLION in Home Equity Loans worth a small fraction of a dollar.''