Earlier I pointed out that some of the numbers seemed puzzling. Peter Eavis at the WSJ has a similar reaction, but uses a different example: U.S. Banks' Not-So-Stressful Test The government's 13.8% worst-case loss-rate for second-lien mortgages seems fair. But it is a stretch to think Wells Fargo ... Read more

Fortune: How is Wells Fargo unique? Warren Buffett: It's sort of hard to imagine a business that large being unique. You'd think they'd need to be like any other bank by the time they got to that size. Those guys have gone their own way. That doesn't mean that everything they've done has been righ ... Read more

Well, how predictable is this? Surely you, dear astute reader, get the script. Today is a major event as Piggy  #1 reports a 'surprise'... wink wink, nudge, nudge: Wells Fargo Q profit climbed to $3 billion. Maybe we get a hint here about why these pigs did not lend out our money after we gave ... Read more

Wells Fargo (WFC) announced results and had a curious quote from the CFO Howard Atkins; which makes one wonder if Wells Fargo is becoming the new market barometer. They will do well in bad times but stay out of relative trouble when their peers blow their brains out with fads and manias. ... Rea ... Read more

There has been an interesting ride in the solar sector that was almost identical to what was seen in the tech bubble days in 1999 and 2000.  Just like the tech bubble, the solar bubble burst.  But there is still demand from customers to install solar panels on the roofs of their home or th ... Read more

Wells Fargo (WFC) A sharp eyed reader brought this one to my attention. Apparently in a CNBC interview there was mention of Market Disruption Costs of $4.3 Billion by Wells Fargo executives. Or so it was reported by readers. Then when you look at the press release and conference call transcripts ... Read more