paulmars

Wells Fargo CEO Stumpf Addresses Company's Charge Offs

Wells Fargo is at ground zero of the consumer and mortgage crisis, with 10x leverage in all kinds of now very risky loans that they would not make today and would love to take back.
The odds are this stock will be under pressure for years to come, as they have to continue to do and song and dance to explain everything away, like he is stooping to do on Cramer's tawdry show.
What's the upside in this stock versus the downside, given a short to intermediate time horizon?
Not good. Buffett's halo is slipping...