newfietom

Is Wells Fargo Regretting Its Wachovia Acquisition?

It shouldn't take three years to integrate Wachovia into WFC. Is the stagecoach still being pulled by horses? Look at other similar integrations and you'll see much faster action. For example: JPM/Wamu.


On Sep 02 09:32 AM stock_junkie wrote:

> This was probably written before WFC's CEO Strumpf announcement that
> WFC will be paying back the TARP funds soon. Give it a little time
> and watch how WFC improves both top and bottom lines.
>
> Talk about diversification. WFC is diversified nicely with the acquisition.
> WFC is a strong company. It's the whiney short sellers that can't
> deal with the fact that there is more knowledge in the leadership
> of WFC.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

So glad to see other comments saying what I was thinking. Get your facts straight before you demonize the banks who were FORCED to take TARP and who have paid it back WITH INTEREST as fast as they could. They're taking the heat for a lot of what the Fed and Treasury permitted with bad polict and deregulation. As someone else said, post your BS somewhere else where less-knowledgeable people will believe your line.

Bonus Compensation Watch: MS, GS, JPM

What employees was Bloomberg counting? Traders? Investment Bankers? If they made a deal, they need to be compensated.

Of course the set-aside is at a higher percentage of the revenue than in the past -- revenue is down across the board -- it only makes sense. The employees getting paid are contributing to the overall health of the company when other markets are still suffering losses.

Don't knee-jerk on the people doing well. They're doing their jobs well and deserve to be compensated, not vilified.

Five Reasons Citi's Worth the Long Risk

Imagine how good it must feel to be Jamie Dimon these days as C wallows.

He might have presided at C had he not rubbed Weill's sister the wrong way and ended up looking for a new job. CEO at JPM is a heck of a lot better gig these days than what he might have inherited at C. What a triumphant return to the street!