Quote:
Originally Posted by dobbles
kinda weird how wells fargo is viewed up there. down here, its just a normal bank. not a fixer upper where you just need them to get your finances better.
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Yeah, I was thinking the same thing. Down here Wells Fargo is a conservative bank that requires you have have good credit with an established history in order to get approved for anything. Since they're my bank I appreciate that a lot since their mortgages weren't the ones we're hearing about on the news. Why they want Wachovia, I have no idea. I did some freelance auditing on the loans at World Savings (and predicted Wachovia was going to have financial trouble when they purchased them) and they are not only crap loans, but there were regulatory compliance issues that I saw and some number fudging. I don't really understand why a conservative financial institution would be in a battle for Wachovia without possibly having the opportunity to even scratch the surface of due diligence at this point.