Wednesday, September 2, 2009

Wells Fargo to cowboy up

Wells Fargo has announced that it will repay the TARP money "shortly" without, get this, raising equity. If this is the case then they will be doing so in a way that protects the shareholder. Very nice. Quite a few banks have paid back the loans Mommy and Daddy gave them, but some still have not. Citi remains silent on this issue.

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