Wells Fargo & Co. (WFC)
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WFC Forum Topics
- All Comments on WFC
- General Discussion on WFC
- Trust, Confidence, the Markets and the Federal Government [view article]
- The Duplicitous Sheila Bair [view article]
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
- Tactical Asset Allocation, Part II [view article]
- @VIC: Bill Ackman on Wachovia [view article]
- Why Is Everybody Selling as Buffett Is Loading Up? [view article]
- Bill Ackman Piled Into Wachovia and AIG Shares [view article]
- Wells Fargo and the Wachovia Bid: Crafty or Crazy? [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Bank of America Likely to Retain Top Online Rating [view article]
- Pay Little Heed to Economic Reports and Move On [view article]
- Unintended Consequences - Fast Money Recap (10/6/08) [view article]
loading ...Recent WFC Articles
- Tactical Asset Allocation, Part II
- @VIC: Bill Ackman on Wachovia
- The Duplicitous Sheila Bair
- Wall Street Breakfast: Must-Know News
- Trust, Confidence, the Markets and the Federal Government
- Citi/Wachovia/Wells Fargo Saga Takes Center Stage
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker]
- Wachovia / Wells Fargo: An Unprecedented Situation
- Wachovia Suitors Agree to Two Day Halt in Litigation
- Wells Fargo and the Wachovia Bid: Crafty or Crazy?
- Full List of Articles »
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The Duplicitous Sheila Bair [view article]
I am sick of hearing this BS that the WFC deal will not cost tax payers anything!!! Will probably cost us more! Unless WFC will pledge not to benefit from the bailout bill, new tax law ...What Sheila Bair did was highly unethical, City will have to be compensated. This kind of behind the back shady dealing remind me of a corrupt third world country,
This sets a nasty precedent, that might complicate things in the future, and create even more jobs for lawyers.... and increase cost of doing business... Reply
Bill Ackman Piled Into Wachovia and AIG Shares [view article]
I've got to think Ackman had some inside information on plowing into Wachovia. I'd love to hook these guys up to lie-detectors and ask them how they REALLY discover their brilliant trading ideas! ReplyWall Street Breakfast: Must-Know News [view article]
The premise behind the Fed pumping all this money into the banks is just plain silly. The recipient banks are using it to take the place of their losses, not to spur new "investment"... And they're not lending it to other banks for one simple reason - they know full well that other banks are still holding massive amounts of toxic paper and are, essentially, insolvent. They'd be nuts to lend to a company that may not be able to pay them back - which is how we got here in the first place.The underlying problem is that financial institutions that are allowed to carry off-the-books assets/liabilities cannot prove their solvency. So what in the world difference is it going to make pumping a bunch of money into financial institutions that are about as transparent as a brick wall ? Nobody in their right mind is going to lend to them.
And no investor using his/her own money is going to buy the stock. Sure, the hedge funds will, but their managers get paid and bonuses whether they make or lose money.
Pumping Fed funds into opaque financials is dumb. I guess that's why the government is doing it.
Reply
Options Trader: Anticipating Monday Carnage [view article]
Buying options at this VIX level is STUPID. Do people realize that!!!Its better to do covered calls now since the stocks are way down and calls are way overpriced.
Look at GOOG for that.
Reply
@VIC: Bill Ackman on Wachovia [view article]
nice report. we will see if there is anything left in the price spike. dis: long wb. ReplyOptions Trader: Anticipating Monday Carnage [view article]
He's not advocating puts, he's advocating cashing out the puts into the downturn. Do you even read these articles before you attack? ReplyUnintended Consequences - Fast Money Recap (10/6/08) [view article]
I have flipped past it before but never listened for more than a few seconds. I won't even buy a used car from someone who yells on TV.This morning on Bloomberg I listened to a few minutes of analysis on why BofA needed to raise capital. Not one of them mentioned the $8.4 Billion predatory lending settlement they just entered into to get out of the Countrywide lawsuits. They haven't impressed me much either lately. Reply
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Wall Street Breakfast: Must-Know News [view article]
sIR,Can you explain how the crude prices are connected to the US bailout plan? They follow the bailout package with production and consumption remianing same. thanks Reply
The Duplicitous Sheila Bair [view article]
Wells offer 'does not cost taxpayer anything' is NOT true at all. The new tax provisions for troubled bank acquisition will cost the taxpayers, us, about $30B, one economist estimates. Without that tax savings, Wells would not have made that offer. Reply@VIC: Bill Ackman on Wachovia [view article]
lol...Well I guess is time to put themselves to work instead of whining of who gets who and start remdiating the banking book of business of Wachovia by selling those toxic loans through the government program deal and getting hudge advantage of the tax break they provide, they also need to call their customers to bring their deposits back instead of running away like chickens without heads,Wachovia needs to do this the sooner the better while things sort themselves out. ReplyLatest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
I have NO sympathy for the manipulative hedgefunds and disloyal shorts who've caused a run on the banks. The SEC needs to grow some gonads and get these people. Good riddance! Reply@VIC: Bill Ackman on Wachovia [view article]
So you are long WFC now?!What happened to your former C and WB positions?!
Did you play with their values, or did they play with you?! Reply
The Duplicitous Sheila Bair [view article]
Sheila Bair and people like here at the Fed are the biggest problem with our financial system and the trouble it is in today.How can one possible think that giving Citi bank (who is themselves very shaky at best) billions of dollars in our tax money so that they can buy Wachovia is the right way to proceed when Wells is willing to do it for nothing and assume Wachovia's debt load in-house within the framework of the legislation just passed.
Thank god she won't have a job after this year!
Wonder who she's going to be working for?
Citi Bank per chance?
A ticked of TAXPAYER
Milt
If your not part of the solution then your part of the problem! Reply
Why Is Everybody Selling as Buffett Is Loading Up? [view article]
notsosmart - no you wouldn't.I've been buying - moved 10% from short term bonds to stock yesterday. Calling bottoms is a fools errand, can't be done. Proof - you see any owner of the world who made it all calling bottoms? But calling levels is easy. Holding long term is easy. Dollar cost averaging is easy. Reply
Trust, Confidence, the Markets and the Federal Government [view article]
Well I guess is time to put themselves to work instead of whining of who gets who and start remdiating the banking book of business of Wachovia by selling those toxic loans and getting hudge advantage of the tax break, Wachovia needs to do this the sooner the better while things sort themselves out. Reply