BBT took over CNB a while back. CNB was headquartered in Alabama and provided many mortgagesin the state Anyone know how many homes destroyed by the tornadoes were financed by cnb/bbt It has to be a major financial disaster for BBT and of course the other big lender was BAC
It makes my head spin when he makes these statements , yet over the last year or so he has bought 342 million shares worth 10.6 Billion of Wells Fargo .These shares are his second largest holdings behind Coke .If or when the price of Wells goes up then these shares will be his top holding .
Also he has the third largest holder of US Bank .
Why is he making these statements when he is buying ?