Voltron's economics blog. Started in Iraq in 2007 as the "Gamblers Anonymous Support Group" email list.
Tuesday, April 21, 2009
Wells Fargo: Bulls vs. Bears
Voltron says: The bull case is bullsh!t (hat tip to G-man)
"I've accepted the point of view that if a loan is not in default, it's worth what it says it's worth. And that means I think the markdowns are excessive in the sector."
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