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| User Info | What are the safest Banks in So. Cal.?; entered at 2007-12-01 21:23:09 | |||
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Shoobedoowa Posts: 1602 Registered: 2007-06-27 Thailand
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Yeah, Wells was doing a ****load of mortgages the last few years. In that environment, they had to be competitive to get the volume. In being competitive, they were NOT conservative. I don't even need to know the details on that. I agree with the electronic systems hiccup in August. Even a two-bit industrial plant has redundancy and firewalls in place to ensure that such interruptions are near impossible. A major bank nationwide bank.....? One of my biggest put positions is WFC. 2007-12-01 21:23:09
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