Palomino

Cramer's Mad Money - Steel Reels, Coal Stinks (10/27/08)

It just don't figure.. JPMorgan is down about 26%, Bank America is down about 55%, Wells is down about 16%. How are people so sure that Wells has better underwriting standards, different retail and corporate clients that it can be so much more expensive. I'm not aware that they have been more aggressive in their write-downs or provisioning. And then there's the Wachovia integration. Looks like a sell to me