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Wells Fargo In Trouble?

Wells Fargo May Need Capital – WSJ.com

An initial U.S. stress test identified Wells Fargo & Co. as among the banks needing a buffer against future losses, said a person close to the company.

But it was unclear Monday whether Wells would be forced to raise fresh capital or if regulators would accept its argument [...]

Sub-7000 DJIA

Financials Weigh on U.S. Futures – WSJ.com

U.S. stock futures dropped on Monday after American International Group and HSBC Holdings took steps to raise more capital and Warren Buffett said that the economy would be in “shambles” this year.

About an hour before the start of trading in New York, futures on the Dow Jones [...]

Buffett says bailout may cost taxpayer nothing

Buffett Right, U.S. Bank Plan May Cost Nothing

Sept. 25 (Bloomberg) — President George W. Bush, billionaire Warren Buffett and BlackRock Inc.’s Laurence Fink are “absolutely” right to say a $700 billion U.S. plan to buy assets from financial firms may cost taxpayers nothing even with purchases at above-market prices, a top-rated analyst said.

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