Monday, May 4, 2009

If Wells Fargo was So Great

Wouldn't Warren (BRK/A) be buying it and not telling us about it?


PD said...

If he increases BRK stake in WFC, he would be required to convert BRK into a bank holding company. Apparently that is not feasible.

CP said...

The bullish theory on banks is that shit loans aren't as bad as people say.

So Warren, why don't you buy a $10B block of WFC home equity loans that have been unjustly maligned and are dragging down this poor little bank.

There are preferreds that he could own that pay close to 10%.

Also if Warren really wanted to invest, wouldn't that have been easier than giving them TARP money?