SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (71750)11/28/2007 11:20:25 AM
From: mishedlo  Respond to of 116555
 
Wells Fargo's $1.4 Billion Loan Loss
globaleconomicanalysis.blogspot.com
Wells Fargo set aside $1.4 billion to cover loan losses, tightens lending standards, and plans to liquidate $11.9 billion portfolio. Focus on the ability and willingness of banks to lend, and the ability and willingness of consumers and businesses to borrow. Everything else is a sideshow. The best word to describe Wells Fargo's actions is deflation.
Mish