Well Fargo Defies Gravity

How can Wells Fargo turn a profit last quarter and get a stress test result saying it still needs to be capitalized?


Don't let anyone argue that it IS possible because of some mumbo jumbo accounting "complexities" that YOU don't understand. If they made a profit they don't need any US tax payer money, period... unless that profit goes directly to paying off its bailout obligations the the US tax payer.

Update: Wells Fargo is one of the top five banks that need a tax payer subsidy ($13.7 Billion). MORE

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Obama: Good News, Bad News

The following is a blatant rip-off from David Sirota... the progressive echo chamber.

Good news and bad news in the last day [December 2]. The good news: Barack Obama has appointed a NAFTA critic, Rep. Xavier Becerra, as the next U.S. Trade Representative (more on that here).

The bad news is this just off the Reuters wire:

CHICAGO/WASHINGTON (Reuters) - President-elect Barack Obama is not planning to implement a windfall profit tax on oil companies because prices have dropped below $80 a barrel, an aide said on Tuesday...

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Psssst... Do Something

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