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Loopholes. "We believe that we will continue to be able to invest, and we continue to invest...

Loopholes. "We believe that we will continue to be able to invest, and we continue to invest today," in our P-E business, said Wells Fargo (WFC) CFO Tim Sloan recently. By using its own capital and the capital of some employees for deals, Wells is considered to be engaging in "merchant banking," likely to be exempt under Volcker.
Comments (1)
  • At least Dick K. speaks directly to investor worries, and the '50 years of success' offsets the specified losses experienced in the crash. hmm.. not a Stumph call after all?
    21 Feb 2013, 09:46 PM Reply Like
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