[quote=Navydoc]Is it me, or doesn’t it seem particularly suspicious that Wells Fargo is reporting high earnings immediately after Mark-to-Market was suspended? I’m certainly not a financial wizard, but this sure smells like smoke and mirrors to me. Didn’t WFC buy up all of Wachoia’s crap mortgages?
[/quote]
DINGDINGDINGDING we have a winner.
M2M suspends and they have huge earnings.
If they were Mrking to market their credit card debt and their
CRE, they would be drowning in red ink.
