2016 Postmortem
Showing Original Post only (View all)Hillary backer Buffett loves Wells Fargo that targeted Blacks and Hispanics for Dangerous Loans [View all]
Last edited Wed Sep 9, 2015, 12:56 PM - Edit history (1)
That Warren Buffett - what a guy. When he came out and praised Wells Fargo for how it conducted business AFTER it was criticized for its targeting of minorities I realized what a facade his image is.
http://thecollegeinvestor.com/3655/warren-buffett-loves-wells-fargo/
Wells Fargo Deliberately Pushed Dangerous Loans On Blacks, Hispanics: Lawsuit
http://www.huffingtonpost.com/2014/12/03/wells-fargo-loans-lawsuit_n_6261356.html
Omaha, Neb.-based Berkshire Hathaway remains Wells Fargo's largest institutional shareholder. The company considers Wells Fargo to be one of its "Big Four" investments. The others are American Express, IBM and Coca-Cola Co.
The four companies possess excellent businesses and are run by managers who are both talented and shareholder-oriented, the letter to shareholders says.
Read more here: http://www.charlotteobserver.com/news/business/banking/bank-watch-blog/article11653628.html#storylink=cpy