I think as a long you are doing virtually the same thing that you are accusing the Times of doing. Focusing on your perceived positives vs. the reality of the negatives. Hopes and wishes are not very prudent strategies for investing in stocks. Look at the facts, starting in Q4 not all of 2008. That is your reality today. Past performance is not guarantee of future results!
In a full-page NY Times ad, Wells Fargo (WFC) President John Stumpf slams "media stories" for creating the mistaken impression that every employee recognition event is a "junket, a boondoggle, a waste, or that it's for highly paid executives. Nonsense!" [View news story]
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I think you very right to be confused. You didnt even mention the fact that they have 170% of the amount of their capital in HELOC's, with a large % of those in california.
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In a full-page NY Times ad, Wells Fargo (WFC) President John Stumpf slams "media stories" for creating the mistaken impression that every employee recognition event is a "junket, a boondoggle, a waste, or that it's for highly paid executives. Nonsense!" [View news story]
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Talk Me Down From the Wells Fargo Ledge [View article]
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