Monday, April 25, 2011

1 of many scumbags respondsible for this recession

Wells Fargo/ Wachovia

1) January 2008 $25.48/ share
2) September 2008 39.80/ share
3) T.A.R.P recieved $25 billion (this was the same time that they bought out wachovia)
4) Currently in 2011 Wells Fargo stock is trading at $28.60/ share
5) Wells fargo was apart of sub prime morage lending with 638 Sub Prime lending offices. In 2003 the amount of sub prime morgages that were lent by Wells Fargo totalled $16.5 billion dollars.

7) might find this interesting
http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?pagenumber=1

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