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Reply #91: I confess I don't understand why they would do that [View All]

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primavera Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 08:24 PM
Response to Reply #67
91. I confess I don't understand why they would do that
I mean, aren't there enough troubled institutions begging for bailout monies that we don't need to be sinking public monies into companies that don't need assistance? But, since, for whatever strange reason, the government did buy stock in Wells Fargo, is there any law against them doing so? And, if the government is a shareholder like any other, shouldn't they have a voice in the operations of the company, just like any other shareholder? It doesn't seem fair to say that Wells Fargo can claim aggrieved status simply because somebody bought their stock - they're a publicly traded company, their stock is for sale, live with it.
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  -Another bailed out bank partying on our dime - Wells Fargo Clear Blue Sky  Feb-03-09 02:26 PM   #0 
  - If you complain about banks using bailout funds to par-tay, then you are advocating "CLASS WARFARE"  ck4829   Feb-03-09 02:27 PM   #1 
  - Then let's declare it  Zodiak   Feb-03-09 03:21 PM   #16 
  - The WAR is ON.... i wonder if i can crash a bank party... FREE FOOD ! ! !  happygoluckytoyou   Feb-03-09 03:51 PM   #25 
  - Americans will NEVER revolt  Corey   Feb-04-09 02:57 AM   #97 
  - fuckers. when my house is paid off, buh-bye forever.  roguevalley   Feb-03-09 04:39 PM   #34 
  - good luck  chad78   Feb-03-09 04:44 PM   #36 
     - Deleted message  Name removed   Feb-03-09 04:55 PM   #38 
     - on it's own dime?  NeoConsSuck   Feb-03-09 07:47 PM   #87 
  - I keep hearing this line from finance pundits and insiders.  pa28   Feb-03-09 05:58 PM   #60 
  - nothings is subsidized...  chad78   Feb-03-09 06:06 PM   #65 
     - Looks like they cancelled the trip.  pa28   Feb-03-09 06:33 PM   #80 
        - The hell they weren't  PBS Poll-435   Feb-03-09 07:24 PM   #84 
           - To be fair, the dividends suck - only 5%...but WFC being higher quality  Lucky Luciano   Feb-03-09 08:02 PM   #89 
           - I'm not sure how you concluded that.  pa28   Feb-03-09 09:27 PM   #92 
  - Hmm, class warfare sounds good to me. nt  ProgressIn2008   Feb-03-09 08:17 PM   #90 
  - And to think of how much people struggle to pay them every month. nt  wroberts189   Feb-03-09 02:33 PM   #2 
  - Same bank that foreclosed on an Ohio woman who  Skwmom   Feb-03-09 02:33 PM   #3 
  - why in the hell would someone accept an ARM  Lance_Boyle   Feb-03-09 02:34 PM   #4 
     - Some people are easy to take advantage of.  Skwmom   Feb-03-09 02:43 PM   #5 
     - That's not 40%. It's 27% -- not such a huge down payment.  Brazenly Liberal   Feb-03-09 03:05 PM   #12 
        - They hold ours also and customer service has tanked  glinda   Feb-03-09 03:35 PM   #18 
  - Names and faces. Addresses too.  YOY   Feb-03-09 02:45 PM   #6 
  - Bailed-out Wells Fargo plans Vegas casino junkets  RiverStone   Feb-03-09 02:48 PM   #7 
  - Pure arrogance  HelenWheels   Feb-03-09 02:48 PM   #8 
  - Well, as some on DU were defending Luxury Boxes and Jets...  LanternWaste   Feb-03-09 02:48 PM   #9 
  - U.S. made general aviation jets are the best in the world.  BrightKnight   Feb-03-09 06:24 PM   #73 
  - "Recognition events are still part of our culture," spokeswoman Melissa Murray said. "It's really im  cherish44   Feb-03-09 03:48 PM   #23 
  - Give them a $25 reduction on their next refinancing. Valid for 90 days.  LiberalFighter   Feb-03-09 05:12 PM   #41 
  - Get your facts straight before grabbing your pitchforks.  Phx_Dem   Feb-03-09 04:15 PM   #29 
  - An excellent point being ignored by the pitchfork folks...  Lucky Luciano   Feb-03-09 05:14 PM   #42 
  - Why were they being given this money in the first place?  AntiFascist   Feb-03-09 06:00 PM   #62 
     - Paulson should be sent to prison for this and more. n/t  Hansel   Feb-03-09 06:28 PM   #76 
  - Something really, really stinks here...  CoffeeCat   Feb-03-09 11:55 PM   #95 
  - Yeah, the crooks that can talk someone into an unfair loan arrangement  Skwmom   Feb-03-09 04:41 PM   #35 
     - again, ignorance...  chad78   Feb-03-09 04:47 PM   #37 
        - Well the woman who paid 40 k down on a 147 k loan and  Skwmom   Feb-04-09 10:55 AM   #102 
  - Wait, let's not be too hasty  gratuitous   Feb-03-09 02:48 PM   #10 
  - Maybe the dumbest post on the thread  PBS Poll-435   Feb-03-09 05:44 PM   #55 
     - Thank you  gratuitous   Feb-03-09 06:17 PM   #70 
  - W-A-I-T just a minute!  doodadem   Feb-03-09 02:52 PM   #11 
  - They were told THEY HAD TO TAKE IT  glinda   Feb-03-09 03:38 PM   #19 
  - and better party like its 1999 BECAUSE WE MAY BE BROKE IN 2010  happygoluckytoyou   Feb-03-09 03:53 PM   #26 
  - I know. It's my understanding they stayed away from the subprime nonsense, viewing it as The Plague.  DRoseDARs   Feb-03-09 05:38 PM   #52 
  - I thought citibank bought wachovia (eom)  grasswire   Feb-03-09 05:49 PM   #57 
     - They tried  PBS Poll-435   Feb-03-09 05:52 PM   #59 
        - ...and failed. They wanted govt $$$ to do it, WF paid with their OWN cash thank you very much.  DRoseDARs   Feb-03-09 06:03 PM   #64 
           - Exactly  PBS Poll-435   Feb-03-09 06:26 PM   #75 
  - I am not sure I believe this at all.  Winterblues   Feb-03-09 03:06 PM   #13 
  - Believe it.  Kensan   Feb-03-09 04:01 PM   #27 
     - not quite...  chad78   Feb-03-09 04:38 PM   #33 
     - It's not that simple  Kensan   Feb-03-09 05:48 PM   #56 
        - misconceptions...  chad78   Feb-03-09 05:59 PM   #61 
     - Your logic does not hold up - WFC was already too big to fail  Lucky Luciano   Feb-03-09 05:19 PM   #44 
        - You are correct...but  Kensan   Feb-03-09 06:06 PM   #66 
  - ANYONE ELSE FUCKING SICK OF THIS SHIT  Mari333   Feb-03-09 03:07 PM   #14 
  - ROFL  PBS Poll-435   Feb-03-09 05:38 PM   #51 
  - Are there ANY bank CEO's who are not GOP?  diamidue   Feb-03-09 07:50 PM   #88 
  - I'm still pissed at Wells Fargo for not approving my car loan two years ago..  tridim   Feb-03-09 03:18 PM   #15 
  - Maybe they are trying to win back the bail-out money for us. n/t  denverbill   Feb-03-09 03:30 PM   #17 
  - When did Wells Fargo receive "25 billion in bail out money"? News to me.  Beam Me Up   Feb-03-09 03:38 PM   #20 
  - It must have to do with their recent buyout of Wachovia  KamaAina   Feb-03-09 05:03 PM   #39 
  - Hit back at Wells Fargo....  vinylsolution   Feb-03-09 03:39 PM   #21 
  - That is not what this story is about.  PBS Poll-435   Feb-03-09 05:42 PM   #53 
  - Obviously, the finance industry needs Xtreme oversight. These people are wasteful pigs.  Zorra   Feb-03-09 03:43 PM   #22 
  - When you are rich  Magleetis   Feb-03-09 03:48 PM   #24 
  - fact-check...  chad78   Feb-03-09 04:11 PM   #28 
     - Yep. Wells Fargo pays $371.5 million in dividends to TREASURY DEPT.  Phx_Dem   Feb-03-09 04:23 PM   #32 
  - LBN Rules...please post actual headline  alcibiades_mystery   Feb-03-09 04:17 PM   #30 
  - And so are you . . . clueless. Get the facts before you smear.  Phx_Dem   Feb-03-09 04:19 PM   #31 
  - What if a whole bunch of homeless people showed up for some free eats?  KamaAina   Feb-03-09 05:04 PM   #40 
  - When I click on your link it says that Wells-Fargo has cancelled the trip.  Arkansas Granny   Feb-03-09 05:19 PM   #43 
  - It was cancelled - the OP was more interested in inciting a riot....EOM  nostalgicaboutmyfutr   Feb-03-09 05:25 PM   #45 
  - "the OP was more interested in inciting a riot" This is pure hyberpole and libelous too. n/t  DRoseDARs   Feb-03-09 05:42 PM   #54 
  - Yes. The Rocky Mountain News has updated their story at the link  Robb   Feb-03-09 05:30 PM   #49 
  - Check the facts  MNLeftie   Feb-03-09 05:26 PM   #46 
  - good looks like they've reconsidered taking the trip, but this article is misleading  maddezmom   Feb-03-09 05:29 PM   #47 
  - It's been class warfare for 40 years  davefromqueens   Feb-03-09 05:30 PM   #48 
  - I DON'T FUCKING CARE ABOUT THIS STORY  PBS Poll-435   Feb-03-09 05:36 PM   #50 
  - BY CHASING THE WORLD'S CHEAPEST WORKERS  KakistocracyHater   Feb-03-09 05:52 PM   #58 
  - seriously? REALLY? Seriously??  chad78   Feb-03-09 06:02 PM   #63 
     - you're 1 of them  KakistocracyHater   Feb-03-09 06:08 PM   #69 
        - you're back??? why?  chad78   Feb-03-09 06:25 PM   #74 
  - The government bought Wells Fargo stock  Hansel   Feb-03-09 06:08 PM   #67 
  - Thank you  PBS Poll-435   Feb-03-09 06:31 PM   #79 
  - I confess I don't understand why they would do that  primavera   Feb-03-09 08:24 PM   #91 
     - If the government is just buying stock in Wells Fargo  Hansel   Feb-03-09 11:00 PM   #94 
  - Shit. These guys own my mortgage. I pay them in full and more every month.  phleshdef   Feb-03-09 06:08 PM   #68 
  - Wells Fargo is owned by Berkshire Hathaway  Omaha Steve   Feb-03-09 06:19 PM   #71 
  - I hope you don't mean that Buffet actually owns the company, entirely...  chad78   Feb-03-09 06:23 PM   #72 
  - He owns about 7% of Wells Fargo's outstanding common stock  PBS Poll-435   Feb-03-09 06:28 PM   #77 
  - They own 7%.....  WriteDown   Feb-04-09 09:07 AM   #100 
  - Holy Crap  Inkyfuzzbottom   Feb-03-09 06:29 PM   #78 
  - BAAAAHHAHAHAA! This cracks me up; I love it.  RadiationTherapy   Feb-03-09 06:35 PM   #81 
  - 1st AIG, then BOA, now this. Pile it high, deep and smelly  benld74   Feb-03-09 06:36 PM   #82 
  - AIG and Merril Lynch/Countrywide (BOA) failed  PBS Poll-435   Feb-03-09 06:55 PM   #83 
  - Some banks were forced to take TARP $ in order to create a smokescreen for poor performers  riderinthestorm   Feb-03-09 07:33 PM   #85 
  - .  PBS Poll-435   Feb-03-09 07:40 PM   #86 
  - It's time to nationalize these banks...  tide72   Feb-03-09 09:43 PM   #93 
  - Would you still want them nationalized with Repugs in charge? - n/t  BrightKnight   Feb-04-09 12:09 AM   #96 
     - The way it's been going it doesn't seem like it would make that much difference  nolabels   Feb-04-09 09:40 AM   #101 
  - Perfect timing....tks for the post!  4_TN_TITANS   Feb-04-09 07:15 AM   #98 
  - I thought Wells Fargo was supposed to be one of the healthiest  harun   Feb-04-09 08:27 AM   #99 
     - They were forced to  PBS Poll-435   Feb-04-09 06:45 PM   #103 
 

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