mung, so where does this turkey get all of the customer surveys from? I'm sure WFC doesn't publish them anyplace. Probably another joner who has $1.50 in his checking account and got an overdraft fee because he forgot to write one of his checks in his register.
bridge, glad to hear that you're getting ready to retire. It's been three years for me this month and I have to tell you that you wont enjoy it at all. Everyday will seem like the weekend, no set schedule to keep, get up and go to bed whenever you want, you don't have to answer to anyone (unless you're married), and you can do whatever you want whenever you want. No, you wont like it a bit. Maybe you can even take some time and plan a trip to Russell Ky. By the way, whatever happened to the troll? Has Yahoo finally banished him for good?? Anyway, best wishes in your retirement and ENJOY!!!
You need a little lesson in banking. HELOC's are a good source of business as their rates float and are usually tied into the prime rate. The banks numbers are not padded because they only use the outstanding balances not the available credit. 80-90% of the loans get accessed at one time or another generating interest income. Fake positives?? House of cards?? You should probably stick to baking cakes!
mung, all banks mortgage lending is down due to the slowing of the refinance market although purchases are increasing. Unfortunately the latter is not going to overcome the loss of the former. Hope all is well!!
Deutsche is sour on Wells Fargo (WFC) however. Its shares have ralled about 16% so far this year on solid results and an investor shift away from market sensitive banks with weak trading revenue and legal overhangs.
Just another reason to buy Wells.
WPD, it's an infectious disease, kind of like an obsessive compulsive. Once you get their you can't stop because even though you're rich you want to be richer.
With interest rates being as low as they were a few months ago I believe a lot of these were rolled into first mortgages. People are a little smarter today knowing that they just can't pay the interest on a loan and expect to get anywhere.
asp, you've been investing for 54 years and you have poor typing?? How many ticker symbol errors did have when inputting your stock picks. I bet it made for some interesting choices!
crunch, putting them in prison isn't going to get any money out of them. My contention always has been, "if you don't know how you're going to pay back the money then don't borrow it!"
It's lucky people can't go bankrupt on them. I wouldn't be surprised if the government didn't start collecting delinquent student loans by garnishing tax refunds.
Or keep trying to get their whack at governor Walker for something that he's been vindicated from by both the state and federal judges. They just don't quit!