spanish moss

Declaration of Accounting Games

How bout some fact beyond just a hypothetical chart... Don't paint WFC with the same brush... the Golden West Option ARMs have longer resets that make them less toxic than most and WFC didn't do any Option ARMs on their own. The footprint of the combined WFC/WB is an earning powerhouse. When you layer the WFC philosophy and management (Cheronda aside) on top of the WB branches and customer base, you'll see a huge increase in cross sell and the earnings will take the stock to high 40's -- low 50's over the next 2-3 years. (EPS of 3.35 x 15 in 2011-2012). Those who wait for a melt down will be just waiting as WFC spreads it's superior model eastward.