Buffett's Latest Headache: U.S. Bancorp [View article]
Actually, it indicates that they are setting money aside early to cover their 1st Quarter losses. It doesn't necessarily mean that they have a good loan portfolio.
Although their portfolio is almost certainly "better" than those of Citi, BAC, and the other "money center" felons.
On Jan 21 04:33 PM MichaelNW wrote:
> > USB credit losses were more than covered by funds set aside to cover > for them. This speaks to the bank having a better loan portfolio > than they are currently getting credit for.
Buffett's Latest Headache: U.S. Bancorp [View article]
Although their portfolio is almost certainly "better" than those of Citi, BAC, and the other "money center" felons.
On Jan 21 04:33 PM MichaelNW wrote:
>
> USB credit losses were more than covered by funds set aside to cover
> for them. This speaks to the bank having a better loan portfolio
> than they are currently getting credit for.
Did Buffett Kill the (First) Wells Fargo-Wachovia Deal? [View article]
You could be run out the industry for such heresy.