2009-08-14boombustblog.com

``Wells share price is up nearly 400% since March while nearly every compreshensive credit metric (if calculated using real, unbiased data in a real, unbiased fashion) forecasts a very, very different outcome... Considering the massive anticipated losses in the next two years, Wells Fargo's capital would fall short by US$34.3 billion and not US$13.7 billion as shown by the SCAP result to maintain a TCE ratio of 4% in the pessimistic case. To increase the TCE to 4% in the optimistic case, Wells Fargo would have to raise US$32.9 billion to endure the recessionary pressure. ''



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