1worldcurrency

Did Buffett Kill the (First) Wells Fargo-Wachovia Deal?

I believe the FDIC/taxpayer assumed 270 billion in guarantees after Citi's first 42. Sure, banks look good with the taxpayer on the hook and free lunch insurance limits going up.

Don't know what Buffet is thinking, but Obama will be forced to nationalize the way all of Europe is doing. China has a National Bank, and they seem to be growing.

Did Buffett Kill the (First) Wells Fargo-Wachovia Deal?

I believe the shareholders must still approve.

Did Buffett Kill the (First) Wells Fargo-Wachovia Deal?

Disclosure: I actually went long WB at 1.50. Just gambling, I won't hold it.

Did Buffett Kill the (First) Wells Fargo-Wachovia Deal?

Hey, Ishortyou. Why would any sane person invest in a bank that just wiped out obscene amounts of shareholder equity?

Does Warren Buffett Think Goldman Is More Creditworthy Than GE?

"Apres moi, the dilution." 700 billion will dilute a lot of rice. Now, JPMorgan and their 90 trillion (90,000,000,000,000) in derivative exposure....that's the deluge.

Buying a Buffett Portfolio

wells Fargo will gain share of what, exactly? Writedowns?