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IPFS News Link • Economy - Economics USA

Analyst: Wells Fargo to Show $120 Billion in Stress Test Losses

04-14-2009 • NakedCapitalism.com

To put it in perspective, as of year end, the San Francisco bank had $481 billion of assets and shareholders equity of $45 billion. Thus if the losses forecast in the supposed downside scenario materialize, Wells is insolvent beyond any shadow of a d

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Reported By Jack Gregson

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