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Risk? What risk?
Old 08-14-2006, 07:41 PM   #1
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Risk? What risk?

NEW YORK (MarketWatch) -- "Amid concerns about the housing market and consumers, Washington Mutual and Wells Fargo on Monday said they remain confident enough about credit quality to boost their offerings of riskier loans such as subprime mortgages and home equity loans or to seek new credit card business."

Uh Oh.


Numbers is hard.

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Re: Risk? What risk?
Old 08-14-2006, 07:44 PM   #2
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Re: Risk? What risk?

Thanks Nords!

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Re: Risk? What risk?
Old 08-15-2006, 11:50 AM   #3
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Re: Risk? What risk?


The big boys may be able to handle a few portfolio hits,but I guess I'm gonna have to short FirstFed Financial again...

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Re: Risk? What risk?
Old 08-16-2006, 08:39 AM   #4
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Re: Risk? What risk?

Maybe it is just because Countrywide is cutting its offerings and Wamu and Wells Fargo just want to snatch the business.

No more lawyer stuff, no more political stuff, so no more CYA

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