Wells Fargo & Co. (WFC)

All Comments on WFC

  • commenter
    sumosama
    Oct 07 12:51 PM
    Wells Fargo and the Wachovia Bid: Crafty or Crazy? [view article]
    I must have missed something...disclosure says no holdings with all of these great ideas! Is this just monday morning quarterbacking? Put your money where your mind is... Reply
  • commenter
    gato
    Oct 07 12:48 PM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    Nice pufff piece on Buffett, sure he's a good investor but now he's also a "media hog" going on every TV show to announce how he's investing. Playing the part of "awh shucks" good ol country boy. The posturing for the media was embarrasing to watch especially for a man of his stature.
    gato     Reply
  • commenter
    Ishortyou
    Oct 07 12:45 PM
    @VIC: Bill Ackman on Wachovia [view article]
    lol...hope Wachovia gets to arrange its book of business, those toxic loans have to come out for sale no matter what, once they are out Wachovia will have a sound book banking business, I read that Frannie and Freddie just bought a hudge loan book from a bank I hope they do the same for Wachovia, the sooner the better. Reply
  • commenter
    Milt
    Oct 07 12:14 PM
    The Duplicitous Sheila Bair [view article]
    Give me a break!

    If you really beleive that " C is one of the most prominent and important financial institutions on the street" is right then i would rush out and invest in a hurry!

    But if you don't want to lose your a** then only borrow it to sell short!

    C's got about as much of a chance of survival as Countrwide as the shake out continues mabey even less!!!     Reply
  • commenter
    Right in
    San
    Francisco
    Oct 07 12:13 PM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Too much of the discussion is about financial engineering. The reality:
    1. Two thirds of the US economy is consumer spending.
    2. Consumers (e.g. taxpayers; e.g voters; e.g. you and me) have been overspending for years, and have way too much personal debt and not enough savings.
    3. A major enabler has been the housing bubble and loose financing which, partly through home equity loans, has allowed people to have that extra SUV. That's over.
    4. As the Baby Boomers edge along toward retirement, they have miniscule (and becoming more so) savings. They have to conserve.

    So, what could save us?
    1. A better distribution of wealth that puts more buying power in the middle class;
    2. Foreign growth (Asia) that will support US exports - and purchase of US assets.
    3. A lot of personal and national belt tightening.

    Pogo had it right. We have met the enemy, and it is us.

    Reply
  • commenter
    pgvinter
    Oct 07 12:10 PM
    Trust, Confidence, the Markets and the Federal Government [view article]
    There is plenty of blame to go around but the biggest failure was at the regulatory level. The regulators are executive appointments and therefore have been around since 04 and some since 00 when Bush took office. Reply
  • commenter
    Shaggieman
    Oct 07 11:46 AM
    Wall Street Breakfast: Must-Know News [view article]
    Great points Axelrod, as usual. Your discussion made me think why not use Fed funds to make some failed institution whole again and set the greed mindset flowing again? Take LEH for instance; resurrecting them might do it and besides I think they were to big to have failed and we're now paying the price for it. Reply
  • commenter
    Milt
    Oct 07 11:41 AM
    @VIC: Bill Ackman on Wachovia [view article]
    Just talked to a friend on the West coast that works for Citi and he basically confirmed what my broker said except in more explecit terms.

    " If we don't get Wachovia then there won't be a Christmas at Citi corp"

    Then he added that it didn't look good because of the language of article 11 in the bail out bill as stated above.

    Think I'll take a chance on some Wachovia and hold for awhile!

    Milt     Reply
  • commenter
    C.Elder
    Oct 07 11:21 AM
    The Duplicitous Sheila Bair [view article]
    seems that the real difference in this deal is that under the Citi deal the FDIC would have had an $11billion stake and shared in the clear upside as Wachovia improved,while providing a gtee for any losses in excess of $42billion i.e. highly remote.Whereas in the Wells deal the FDIC gets nothing in the upside,and will still have to buy the poor assets under the TARP.So Wells and Buffet have taken all the potential upside for themselves .Does this not sound like greed? Reply
  • commenter
    Socialism
    cannot
    compete!
    Oct 07 11:20 AM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    How about because Buffet is diluting everyone else? Is it that hard to see?? Why in hell would I wanna go into GS or GE now, after they've agreed to issue him that much preferred at 10%?? They're gonna have a hard time making 10% for anyone else and he's gonna come away with the lion's share of the earnings.
     Reply
  • commenter
    helplessobse
    rver
    Oct 07 11:19 AM
    @VIC: Bill Ackman on Wachovia [view article]
    A couple of observations:
    1. C is sick, sick and barely breathing, scaring the heck out of the everyone.
    2. Ackman made 1600 on his SATS and uses this demonstrated mental faculty to drill down into the minutiae of investments. He saw the immediate value to WB of the IRS new decision on tax loss carry forwards as a huge asset for WFC, who has profits to shelter. Anyone who has losses these carry forwards are worthless.     Reply
  • commenter
    Roy P.
    Oct 07 11:15 AM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    1. there's no safe stock.
    2. there's no safe time to buy any stock.
    3. if you are looking for safety, skip stocks altogether.
    4. market has never reward cowards.
    5. market rewards people who can think and have courage to execute.     Reply
  • commenter
    Poor Jim
    Oct 07 11:14 AM
    Wall Street Breakfast: Must-Know News [view article]

    Two thangs, as we say in Texas..

    1.Hey, fellow journalists, you're late! We're not getting into a recession In the United States; we've been in one for close to a year now. And thanks to those brave representatives who voted against the first "bailout bill" we have already started the Second Great Depression.

    2. Bank of America CEO Ken Lewis lost a lot of crediibility yesterday when he cut the BAC dividend 50%. Only a month or so ago, while he was speaking to and taking questions from a group of senior citizens in California, he said that he could see no reason now or in the future for a dividend cut. Now, it looks like he was fuld of sh-t.     Reply
  • commenter
    CLH
    Oct 07 11:11 AM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    Comments are from negative losers who are standing around frightened. Reply
  • commenter
    Milt
    Oct 07 11:02 AM
    @VIC: Bill Ackman on Wachovia [view article]
    Broker just recommended Wachovia as a strong buy!!!

    I said you got to be kidding me!

    He said that Citi is preparing a counter offer to be delivered later this week for "ALL" of Wachovia at $17 + a share.

    Said his info came from a friend at Citi that is in a position to know and this friend said the reason was basically that without Wachovia or another equal to acquisition Citi was going down the toilet!

    What do you think?

    PS: Also said that the reason Fed put a hold on was to give both Citi and Wells Fargo time to develop offers!

    Reply
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