Muzie

Bad Mortgages Are Only the Beginning

This is ANCIENT information at this point.

Information everybody knows isn't worth knowing. Please tell us something we don't know.

Banks Scramble to Refinance Their Long-Term Debt

RonB:

I'm quite amused by your implication that all the bears have a conflict of interest because they might be short the stocks while, on the other hand, you point us to Well's Fargo's transcript's as a reliable, totally objective source of information.

WFC's transcripts is very opaque about where the revenues came from, and WFC has refused to give out information about such basic things as delinquency rate on loans. If WFC was so confident, it would boast loud and clear all the details of its books instead of keeping them opaque still.

Bears such as Michael here don't have to be bears - Michael can perfectly well change his mind and decide to buy bank stocks tomorrow if he feels like it.

Wells Fargo CANNOT become a Wells Fargo bear, obviously. It is Wells Fargo's job to paint the facts in the best light possible, as it is the essence of their livelihood.

Reality is in the eye of the beholder.