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Wells Fargo’s profit nearly doubles in the third quarter

October 21, 2009 – 1:45 pm – No Comment
Wells Fargo’s profit nearly doubles in the third quarter

Wells Fargo reported a 98% increase in its third quarter earnings. This is even with a increase in credit losses.
The numbers came out to a $2.6 billion third quarter profit, which is up from $1.6 billion in the same quarter last year. It totaled out …

Freddie Mac asks government for $30.8 billion

March 11, 2009 – 10:53 pm – No Comment

Freddie Mac reported a $50 billion loss last year and is now asking the government for nearly $31 billion in aid to help with the giant loss.
This also comes just a day after Bernake said that the government would not allow big banks to fail. …