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2009-09-02 — bloomberg.com
" Wells Fargo & Co., the nation’s largest home lender, may be reaching a peak for losses tied to troubled loans, President and Chief Executive Officer John Stumpf said."
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Comments:
ernestisms at 16:18 2009-09-02 said:
I must be dreaming but I can't seem to wake up! So, WF's losses (according to them) are peaking...banks are notorious for tweaking the books to meet their bottomline. Adding insult to injury, the have a ticking time bomb on the aforementioned "cookbooks" in the form of Option Arms that will be resetting over the next couple of years in California...this is not going to end well! Permalinkopsguy19 at 20:28 2009-09-04 said:
I think you're being too hard on Wells. I mean after all, pretty soon they'll say they are "well capitalized". When they do, I'll feel so much better. After all, all the other banks that said they were well capitalized during the last 18 months have done well.................right? Permalinkadd a comment | go to forum thread
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