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Reply #5: I think you're exactly right... [View All]

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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-25-09 05:35 PM
Response to Reply #4
5. I think you're exactly right...
Edited on Sat Jul-25-09 05:38 PM by CoffeeCat
This really deserves its own thread.

It totally makes sense. They strongarmed WF into participating--because WF was a threat to their
precious Goldman and JPM. Wells did have some problems with mortgages that were failing, but they
were a very conservative bank that was doing well. They didn't have a lot of subprime stuff on
their balance sheet like some of the other banks.

It appears that they forced wells to participate to control them. Get them under their thumb--much
like a loan shark controls their "customers".

Now, the dismantling begins, I guess. So fricking obvious--as this hatchet job comes out of thestreet.com
There have been two damaging articles on Wells in the past week.

There's a huge story here...for anyone who wants to do some digging. I wish Wells would open up and tell us
all about these thugs.
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