paulmars

Wells Fargo: Bright Star in the Financial Universe?

Smoke and mirrors and Buffett halo keep this levitated, for now. The recession will catch up to all those hundreds of billions of consumer loans, mostly written at the top of the boom, and mostly all recession-sensitive.
They may be among the last to fall, but fall they will.
They are leveraged 10-to-1 going into a recession/depression, and that ain't good, even grading on the curve.