Wells Fargo & Co. (WFC)

All Comments on WFC

  • commenter
    ywtnow
    Oct 09 08:57 AM
    Wachovia Dumps Citigroup, Merges with Wells Fargo [view article]
    how are they going to price wachovia with a split deal and no value on toxics? who gets mid atlantic and who gets toxics Reply
  • commenter
    nygiants58
    Oct 09 07:17 AM
    Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! Obama made damaging reckless comments and didn't even look into the issue. The conference was set a year in advance and paid for by the marketing budget of the insurance companies which can not be tapped to pay back the loan from the FED and the FED loan money is not going into the insurance companies budget at all! Plus, the FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees that was paid for by the insurance companies? That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest later. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you IDIOTS! Reply
  • commenter
    nygiants58
    Oct 09 07:16 AM
    Wall Street Breakfast: Must-Know News [view article]
    Oct 09 07:11 AM
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! Obama made damaging reckless comments and didn't even look into the issue. The conference was set a year in advance and paid for by the marketing budget of the insurance companies which can not be tapped to pay back the loan from the FED and the FED loan money is not going into the insurance companies budget at all! Plus, the FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees that was paid for by the insurance companies? That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest later. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you IDIOTS!     Reply
  • commenter
    nygiants58
    Oct 09 07:11 AM
    Wall Street Breakfast: Must-Know News [view article]
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! The FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees. That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt you CLONES! Reply
  • commenter
    Mountain
    Fist
    Oct 09 12:16 AM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    I have learned a lot from Warren over the last 25 years, perhaps more than any other source. He is one of my favorite influences, but no one is right all the time. There have been periods in the past where he has performed very poorly. I agree with most of the posters here that if we could these special deals it would be a much more compelling time to buy.

    What a lot of people are not getting (fortunately more and more are everyday as evidenced by public reaction to the bailout) is that what we have going on here is something that our elected officials and the fed have created over a very long period of time. It will take a long time to correct as well. This chaos that just really started to gain traction in the last month is just getting started. The bailout and massive printing of money by the Fed is only going to prolong the pain and drag this thing out.

    This time Warren's a little early. He may have the money to weather it, but I'd rather buy at 50% less than he bought.



    Reply
  • commenter
    Vikram
    Oct 08 09:06 PM
    My Website
    The Duplicitous Sheila Bair [view article]
    To those who commented about Citi also benefiting from the tax break:
    (1) It only applies if companies are bought as a whole not the case in Citi's offere.
    (2) Citi does not have a lot of profits to write-off the losses again :(.     Reply
  • commenter
    Right in
    San
    Francisco
    Oct 08 05:12 PM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    This is a fascinating time. You get ranting pupulism, political finger pointing, and even some religion. jlounsbury makes more sense than anybody. One of the best data points in Eli's summary is that consumer debt fell $7.9 billion in August- the largest decline since they started keeping statistics in 1943. The good point is that the government didn't have to tell anybody to do this. Reply
  • commenter
    Wolfer
    Oct 08 05:11 PM
    Wall Street Breakfast: Must-Know News [view article]
    10x10 - Golden Calf Builders - It's so compulucated - We just knew how to steal.

    10x10 Stockes - Evey Law of the God's Covenant was broken - Just like the Golden Calf Builders of Before.

    The Old Man suffers long with his People - But he does not hold his wrate forever.

    To Complicated for you - But not for Him.

    Reply
  • commenter
    huangjin
    Oct 08 01:50 PM
    Why Is Everybody Selling as Buffett Is Loading Up? [view article]
    Hmm...ex-Goldman Sachs CEO creates $700 billion plan to buy securities...Buffett enters sweetheart deal with Goldman Sachs...

    What is $5 billion to Buffett anyway? The two deals are about 5% of his company. He bought CEG after it collpased. The electric battery company is interesting, but again, $230 million. Peanuts.     Reply
  • commenter
    1 o 4
    Oct 08 01:41 PM
    @VIC: Bill Ackman on Wachovia [view article]
    Ackman's analysis that Wachovia's remaining businesses are worth more than either the Citi or WFC offer is right. I have one little question about his valuation: how do you get such a disparity in the low and high values for cash and equivalents? Are the equivalents junky CDOs? Reply
  • commenter
    mallarde
    Oct 08 01:35 PM
    Bill Ackman Piled Into Wachovia and AIG Shares [view article]
    All it took me was a Google search. I was not bold enough to recover much of my loss on the way down with WB, but I made a quick profit. Reply
  • commenter
    pkscottx
    Oct 08 01:05 PM
    Wall Street Breakfast: Must-Know News [view article]
    Here's a link that explains derivatives in plain english:
    cbsnews.com/stories/20...     Reply
  • commenter
    Brewer
    Oct 08 01:04 PM
    Pay Little Heed to Economic Reports and Move On [view article]
    tedstr is right, apple is on a clear upswing. They simply have the better mousetrap when it comes to any of their products, iPod, iPhone or Mac, they all are far better than the 'competition'. Reply
  • commenter
    pkscottx
    Oct 08 01:01 PM
    Wall Street Breakfast: Must-Know News [view article]
    I paid 25% down on my house and bought within my means.

    I pay my mortgage and my bills and save what I can. Who's going to "rescue" me from the bailout?

    Do not believe for one second that this is caused by the evil sub-prime borrower. There is a root cause for all of this and it is DEREGULATION, which like it or not is a Republican mantra. There is however, enough blame to go around.

    The thing they are just now starting to talk about that has the Big Boyz soiling themselves are "Derivatives.&quo... These are "complex financial instruments" created out of smoke and mirrors by WALL STREET.

    You need to know these things. Derivatives have ZERO underlying assets. They have a notional "value" of tens of TRILLIONS or HUNDREDS of trillions of dollars. Nobody knows for sure because they were completly UNREGULATED and they are opaque as MUD.

    It wasn't the collapse of the Securities backed by sub prime mortgages (bad as that was) that brought down Banks and AIG, it was the failure by said intitutions to reserve enough capital to pay off if these "side bets" went bad. Nobody knows how much or who holds the liability but ALL the financial institutions, some insurance companies, and most all the hedge funds have a MOUNTAIN of this toxic garbage swept under the rug. That is the "counterparty risk" everyone keeps yacking about.

    THIS is what has banks hoarding cash and eying each other with distrust.

    Even if you take the lowest estimate of 50 trillion (or 50 thousand billion) you can see that the "bailout" of $700 billion is like trying to bail out the ocean with a soup spoon.

    If you take the higher estimates of hundreds of trillions, you are talking about more than the entire annual GDP of the entire freaking planet!

    Lest you think I exagerate, look at Iceland. Ponder on the fact that some nations in Europe have guaranteed all deposits in their banks, to the tune of 3 times their annual GDP.

    Either we let the institutions and the investors who took the risks fail and go bankrupt or we bankrupt the whole planet.
    Reply
  • commenter
    hanson001
    Oct 08 12:58 PM
    Wall Street Breakfast: Must-Know News [view article]
    For it is written, I will destroy the wisdom of the wise, and will bring to nothing the understanding of the prudent. Where is the wise? where is the scribe? where is the disputer of this world? hath not God made foolish the wisdom of this world?

    I Corinthians 1:19-20

    Yes sir, over and over again.     Reply
Loading...
Symbols:
Authors:
Quick Links: