While looking at this:http://www.reuters.com/article/topNews/idUSWA000014120080714?feedType=RSS&feedName=topNews&rpc=22&sp=true(Those very unfortunate people and what a pain-in-the-arse ordeal)I came to wonder...- What if the 12+ million illegals (many have bank accounts from WFC and BAC)...Begin to pull-out cash.BTW...Only if over $100K need to worry. You're insured.But many w/o SSN may "think" FDIC doesn't insure them. I don't know the answer to this question.- Do you need to be US citizen to be insured?Just a thought.Entered Earnings countdown. 1 more trading day.
You can't open a bank account without a SSN!
bugyodel,can you tell me how you come up with 10 to 1 leverage ? there are a few ways to measure "leverage" and i don't think WFC is 10-1. would be interested in your calculation.thanks. buick.
Platypus (that's you duckhead):All loan officers are VPs. Banks provide fancy titles (vs. "high" salary).Your friend doesn't know diddly-squat.It looks like another down day tomorrow. Asia's being hammered.http://www.bloomberg.com/index.html?Intro=intro3http://www.californiahousingforecast.com/foreclosures/
what other types of inside info do you get from him?like take overs? inside numbers? oh that could be illegal.
I'm long on this, but the herd is spooked. I'll probably add to my position if it falls through $15 and again if it approaches $10.