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- Wells Fargo’s Purchase of Wachovia Tested by Economic Crisis
- Latest Real Estate Time Bomb: Title of Foreclosed Properties Clouded; Wells Fargo Dumping Risk on Hapless Buyers
- Wells Fargo CMBS Servicer Ratings Fall on Management Concern
- Wells Leads Commercial, Multifamily Servicers: MBA
2009-09-17 — bankimplode.com
``Not only do the bank’s outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank.''
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Comments:
catherine at 03:13 2009-09-18 said:
THESE GUYS HAVE BEEN BLEEDING OUT FOR TWO YEARS NOW, PUT THEM DOWN AND OUT OF THEIR MISERY...................SHOULD HAVE BEEN GONE 11/07 THEY ONLY ALLOWED THE WACHOVIA BUY-OUT BECAUSE OF FAKE MANIPULATIONS, THEY WERE BOTH DEAD, THEY FLIPPED A COIN AND WELLS WON THE NAMESAKE, BUT ALAS A YEAR LATER AND THERE IS BLOOD EVERYWHERE............... THEY HAVE A BASEMENT ROOM FULL OF DIAL LOANS, CREDIT CARDS THAT ARE NEXT TO BLOW, COMMERCIAL THAT IS ALREADY BLOWING AND ALL THAT GARBAGE FROM WACHOIVIA. (AND THAT IS WHAT WE KNOW :shock: :shock: ) ............PROBABLY THE ONLY GOOD INVESTMENT IS FANNIE AND FREDDIE..........AAAAUUUUUUGGGGGGGGHHHHHHHHHHHH :shock: Permalinkadd a comment | go to forum thread
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