02-09-2009, 04:27 PM
I don't disagree about the fear, I'm saying that the fear is warranted.
What do you know that makes you sure they will survive? Or do you look on this as a calculated gamble?
Plus the real value of the banks is very difficult to ascertain, due to the unknown amount of losses they will take from bad assets. Many would argue they are effectively insolvent right now.
As for Wells Fargo in particular, here's a closer look at their balance sheet: http://www.minyanville.com/articles/index/a/20901
What do you know that makes you sure they will survive? Or do you look on this as a calculated gamble?
Plus the real value of the banks is very difficult to ascertain, due to the unknown amount of losses they will take from bad assets. Many would argue they are effectively insolvent right now.
As for Wells Fargo in particular, here's a closer look at their balance sheet: http://www.minyanville.com/articles/index/a/20901
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market