Wells Fargo May Need $50 Billion in Capital, KBW Says
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  Wells Fargo May Need $50 Billion in Capital, KBW Says 		« previous next »
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Sam Spade
SamSpade
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« on: April 14, 2009, 01:27:20 AM »
Pump-n-dump...

btw, Money Quote:

“Details were scarce [in the Wells Fargo pump] and we believe that much of the positive news in the preliminary results had to do with merger accounting, revised accounting standards and mortgage default moratoriums, rather than underlying trends,”

http://www.bloomberg.com/apps/news?pid=20601087&sid=avymhMJShuAs&refer=worldwide
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