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October 2, 2008
Talk Me Down From the Wells Fargo Ledge, Part II
A quick update on my Wells Fargo post from yesterday. Looks like Peter Eavis at the WSJ is pursuing a similar line, with a nervous piece in Friday's paper about "safe haven" banks Wells Fargo and U.S. Bancorp.
Does he advance the story? A little, but not a whole bunch. This will, however, bring more scrutiny to the two banks, in particular to Wells' borrowing costs and increasing use of (expensive) short-term paper.
More here.
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