Wells Fargo: Strong and Getting Stronger [View article]
I really would like to believe this article. But the reality is Wells Fargo is consolidating for business survival, not business gain. All the big banks are trying to consolidate. The idea is too get so big, the government has to bail them out. Sadly, the bailout will not fix this issue either. You can't fix bad investments by in this way. Simply put: our banking institutions are in trouble. Everyone should start looking for ways to protect their money. This basically comes down to either taking your money out of the market and cutting discretionary spending or diversifying and investing some overseas. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.
Wells Fargo: Strong and Getting Stronger [View article]
Best,
Frank Miller