Wells Fargo's Bust Out Profit Model
- Environmental Apocalypse
- Department of Bust Out Profit Models and Vampiric Capitalism
- Al Franken
- Amy Klobuchar
- bank
- Bankruptcy
- banksters
- Brian Mogensen
- CEO
- chief financial officer
- Other
- Person Career
- President
- Quotation
- Tim Pawlenty
- Timothy Geithner
- Tony Soprano
- Treasury Secretary
- United States
- USD
- Wells Fargo
- Wells Fargo & Co.
It's a bust out, quite literally, supported by your bailout dollars:*
"Executives at Schwing said its primary lender, Wells Fargo & Co., began tightening terms a year ago, after its three-year loan agreement with the company expired. At the bank's urging, Schwing paid down its line of credit with the bank to $21 million from about $45 million. Then, about two months ago, Wells Fargo began "sweeping" Schwing's operating account of cash in an effort to reduce its revolving line of credit with the company. Schwing had a 20 year relationship with Wells Fargo.



Front page


Recent comments
5 hours 30 min ago
6 hours 22 min ago
7 hours 11 min ago
7 hours 29 min ago
7 hours 29 min ago
7 hours 53 min ago
8 hours 1 min ago
8 hours 27 min ago
8 hours 29 min ago
9 hours 9 min ago