From Clusterstock:
As we wrote earlier this week, outside experts hired by Wells Fargo to examine its books are reportedly shocked at the bank’s exposure to derivatives trades it took on when it acquired Wachovia, fearing these may trigger huge losses at the bank.
And now Dick Bove is also worried about the bank, seeing a “volcano, with numbers of tremors, that is possibly about to blow.”
Read full article...
More on banks:
Federal judge: Bank of America lied to shareholders
Delusional investors demanding more leverage at banks
Secretive bank lobby urging Obama to continue failed policies