Been there B4

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    • Sun Jul 13th 18:51 PM | Rating: 0 0
      Commented on:
      Who's to Blame for the Mess at Wachovia? Start with the Board
      MV- that is unfair- multiple analysts criticized the deal. I worked there at the time and some of us questioned getting in at the tail end of a bull market. Even we that questioned did not know how far overblown it was in California markets.
      To my knowledge, Lanty Smith fully supported Thompson on this. He supported Crutchfield and Georgius on the disastrous CoreStates bid.
      He should go.
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    • Wed Jan 16th 11:21 AM | Rating: 0 0
      Commented on:
      What Would Buffett Do? 3 Safe Financial Picks
      No position on any of the three, but it does not take much digging to find out who the big buyers of the subprime mortgages being brokered. It was Citi, WFC and Countrywide. Given the public declaration by WFC that they did not create SIV's from these, then it means the risk is in their portfolio of loans, not in the investment group like Citi. I will wait till it shakes out another quarter before going long.
      View article »
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