Mike
New York,#2Consumer Comment
Wed, February 04, 2009
This is a great example of people who take something AP knows nothing about and jumps to insane conclusions. From what I have also heard in the news: The trip was for high performing employees, not executives. AP lied and misled on that one. The trip was booked more than A YEAR ago, long long before any money was given to WF by the government. WF is going to take almost as big of a hit to CANCEL the event than to go through with it. The "bailout" was a LOAN, at 6% INTEREST, and WF just paid a $371 MILLION DOLLAR INTEREST CHECK to the government for just the 4th quarter 2008. Wells Fargo DID NOT WANT the TARP funds, but the Government FORCED all banks to take them, for fear of specifically identifying the banks in bad shape. The money was for WF to make additional loans, even though WF has claimed time and time again they have plenty of money to lend to credit worthy borrowers. Seriously people, stop eating the media's garbage and do your homework. The media is a corporation too whose ONLY GOAL IS RATINGS. Also, what is going to happen to business now for the Wynn and other places in Vegas/Nevada? Are they going to begin laying off people because businesses will not spend any money there?
Mike
New York,#3Consumer Comment
Wed, February 04, 2009
This is a great example of people who take something AP knows nothing about and jumps to insane conclusions. From what I have also heard in the news: The trip was for high performing employees, not executives. AP lied and misled on that one. The trip was booked more than A YEAR ago, long long before any money was given to WF by the government. WF is going to take almost as big of a hit to CANCEL the event than to go through with it. The "bailout" was a LOAN, at 6% INTEREST, and WF just paid a $371 MILLION DOLLAR INTEREST CHECK to the government for just the 4th quarter 2008. Wells Fargo DID NOT WANT the TARP funds, but the Government FORCED all banks to take them, for fear of specifically identifying the banks in bad shape. The money was for WF to make additional loans, even though WF has claimed time and time again they have plenty of money to lend to credit worthy borrowers. Seriously people, stop eating the media's garbage and do your homework. The media is a corporation too whose ONLY GOAL IS RATINGS. Also, what is going to happen to business now for the Wynn and other places in Vegas/Nevada? Are they going to begin laying off people because businesses will not spend any money there?
Mike
New York,#4Consumer Comment
Wed, February 04, 2009
This is a great example of people who take something AP knows nothing about and jumps to insane conclusions. From what I have also heard in the news: The trip was for high performing employees, not executives. AP lied and misled on that one. The trip was booked more than A YEAR ago, long long before any money was given to WF by the government. WF is going to take almost as big of a hit to CANCEL the event than to go through with it. The "bailout" was a LOAN, at 6% INTEREST, and WF just paid a $371 MILLION DOLLAR INTEREST CHECK to the government for just the 4th quarter 2008. Wells Fargo DID NOT WANT the TARP funds, but the Government FORCED all banks to take them, for fear of specifically identifying the banks in bad shape. The money was for WF to make additional loans, even though WF has claimed time and time again they have plenty of money to lend to credit worthy borrowers. Seriously people, stop eating the media's garbage and do your homework. The media is a corporation too whose ONLY GOAL IS RATINGS. Also, what is going to happen to business now for the Wynn and other places in Vegas/Nevada? Are they going to begin laying off people because businesses will not spend any money there?
Mike
New York,#5Consumer Comment
Wed, February 04, 2009
This is a great example of people who take something AP knows nothing about and jumps to insane conclusions. From what I have also heard in the news: The trip was for high performing employees, not executives. AP lied and misled on that one. The trip was booked more than A YEAR ago, long long before any money was given to WF by the government. WF is going to take almost as big of a hit to CANCEL the event than to go through with it. The "bailout" was a LOAN, at 6% INTEREST, and WF just paid a $371 MILLION DOLLAR INTEREST CHECK to the government for just the 4th quarter 2008. Wells Fargo DID NOT WANT the TARP funds, but the Government FORCED all banks to take them, for fear of specifically identifying the banks in bad shape. The money was for WF to make additional loans, even though WF has claimed time and time again they have plenty of money to lend to credit worthy borrowers. Seriously people, stop eating the media's garbage and do your homework. The media is a corporation too whose ONLY GOAL IS RATINGS. Also, what is going to happen to business now for the Wynn and other places in Vegas/Nevada? Are they going to begin laying off people because businesses will not spend any money there?
Helene
Elgin,#6Consumer Comment
Wed, February 04, 2009
What they didn't blow off in Vegas is hidden out in offshore banks -- like mainly the Caymans... And you gotta wonder when is SOMEONE, SOMEWHERE going to step on that bloated UGLY, HIDEOUS COCKROACH named Bernard Madoff and JOHN STUMPF, his evil TWIN! AND THERE ARE HUNDREDS OF MORE JUST LIKE HIM. WE WEREN'T SUPPOSED TO FIND OUT THAT OUR ECONOMY WAS SMOKE AND MIRRORS AND ILLUSIONS AND BLUFF AND ARROGANCE AND DEGENERATE GAMBLERS WHO GAMBLED AND LOST. GAMBLING IS NO BIG DEAL AT THE ELITE PREP SCHOOLS AND IVY LEAGUE UNIVERSITIES. IT IS CONSIDERED A COOL THING FOR GENTLEMEN TO DO AND FRAT BOYS TAKE UP FOR THEIR FRAT BROTHERS.... MAYBE THAT IS WHY WE ARE IN THE MESS THAT WE ARE IN. OUR COUNTRY WAS NOT SUPPOSED TO BE RUN BY A FEW, FOR A FEW AND BENEFITTING A FEW ONLY WHILE THE REST OF US ARE NOTHING BUT USELESS EATERS, SURPLUS AND DISPOSABLE PEONS AND SERFS. THEY SEND OUR JOBS TO THIRD WORLD PRISON CAMPS -- WHERE SLAVERY AND ECONOMIC PEONAGE IS LEGAL AND THEY WANT TO BRING THIS TO AMERICAN WORKERS TOO... OR MAYBE IT JUST SEEMS THAT WAY.