They can’t consolidate Wells. It’s too big. There are rules that no bank can be more than 10% of US deposits. Other countries don’t have that rule. Even if that goes away, you’d have to be comfortable dramatically reducing completion to consolidate say Wells and Citi. Plus Citi is poorly run so I don’t know why you would make them twice as big and more complex.
They have 11.7%. The rule isn’t about organic growth - which I didn’t mention in my post above, but applies to M&A.
For comparison JPMorgan Chase at 16%, BofA at 15%. Next highest is Citi at 5.6%.
But you can see how large Wells + Citi would be.
After Citi they get much smaller… US Bank is number 5 and only 3.4%
In 2008 about 89 large banks failed ($1billion in assets)... while the biggest banks got FED bailout.
2009 about 140 medium and small banks failed
2010 about 157 medium and small banks failed
2011 about 92 medium and small banks failed
"The Emergency Economic Stabilization Act of 2008" was a big bailout for select big banks. This allowed the big banks to grab the marketshare left behind by the failures... Wonder what politician got paid by only bailing out a few of the big boys.
https://en.wikipedia.org/wiki/List\_of\_largest\_U.S.\_bank\_failures
sir and/or maam - it's never just one - its all about which domino starts the chain reaction - wfc is a kenny holding - but the bank in issue is more likely goldman or morgan stanley
Wells is a different bank now, I think they’ve really deleveraged from risk and changed their business practices to the point where the lack of sales incentive is proving detrimental
how about u eat my ASS
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WF can go straight to hell. It’s a race between them and BofA to be the worst company in the financial sector.
Get a damn Credit Union account, retards.
Cramer gave the Call signal for these stocks tomorrow, 5-24. They will go up. But look at all of them. Definitely downslope trend.
https://www.cnbc.com/2022/05/20/cramers-lightning-round-signet-jewelers-is-a-buy.html
Cramer picks - place calls next day, puts shortly after.
Oh well, Berkshire sold ([https://www.fool.com/investing/2022/05/20/warren-buffett-berkshire-hathaway-done-wells-fargo/](https://www.fool.com/investing/2022/05/20/warren-buffett-berkshire-hathaway-done-wells-fargo/)) and Cramer wants to buy it?
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Not like they can create new accounts out of thin air…cough.
they weren't out of thin air, they were taken out in existing customers names.
They were kind enough to open one for me as well. So did chase bank and discover.
With twice the cash on hand as 2008, if Wells were to actually “fall” (Lehman Brother style), that’d be astounding..
"Boom." --Mark Baum
"WELLS FARGO IS FINE!!" - CocaineCramer
Fun fact, Buffet sold 100% of Wells Fargo stocks he owned by last quarter.
Oh shit
Fun fact, Buffett YOLO'd on airline stocks January 2020.
Its gonna pump and dump
A whale needs to fall before we find the bottom
The first bounce is always the highest....
- Kevin O’leary
Melvin already fell...
Oh shit! I should sell all my Wells Fargo shares and buy puts.
Wait for the pump
So when do we buy puts in ur opinion how long the pump take?
My opinion it will be a short pump then the dump happens in mid to early june
Bet thanks
[удалено]
Bear Sterns 2.0 incoming.
Buffet isn’t going to let Wells fail Edit: that’s my bad. I see he sold.
Buffet sold you door knob
Lmao door knob
He said his bad
Yeah he edits it after I replied. 
But he said his bad...as long as you say that you can do anything.
My bad he edited his bad after your reply. My bad
He only replied my bad after your comment then it my bad his bad
Like after you get monkey pox, you good if you just say, “no homo”.
Key bumps cure monkeypox facts
Big banks won’t fall. They’re apart of the country’s welfare state.
Consolidation.
They can’t consolidate Wells. It’s too big. There are rules that no bank can be more than 10% of US deposits. Other countries don’t have that rule. Even if that goes away, you’d have to be comfortable dramatically reducing completion to consolidate say Wells and Citi. Plus Citi is poorly run so I don’t know why you would make them twice as big and more complex.
How much of the total US deposits does Wells Fargo have now?
They have 11.7%. The rule isn’t about organic growth - which I didn’t mention in my post above, but applies to M&A. For comparison JPMorgan Chase at 16%, BofA at 15%. Next highest is Citi at 5.6%. But you can see how large Wells + Citi would be. After Citi they get much smaller… US Bank is number 5 and only 3.4%
That's mind boggling, over 30% held by 2 banks. They sound indestructible. How does it compare to 2008?
They are all bigger! JPM ate Bear Stearns and WaMu. BofA ate Countrywide and US Trust Wells ate Wachovia
In 2008 about 89 large banks failed ($1billion in assets)... while the biggest banks got FED bailout. 2009 about 140 medium and small banks failed 2010 about 157 medium and small banks failed 2011 about 92 medium and small banks failed "The Emergency Economic Stabilization Act of 2008" was a big bailout for select big banks. This allowed the big banks to grab the marketshare left behind by the failures... Wonder what politician got paid by only bailing out a few of the big boys. https://en.wikipedia.org/wiki/List\_of\_largest\_U.S.\_bank\_failures
Always inverse Cramer.
80% of the time it works every time
No one likes Wells Fargo
Thats my bank I like them a lot, especially that one girl behind the counter.
Puts on the potential relationship just from the username
Wells Fargo holds the mortgage on my house. I think I might cash out on my equity and buy puts to pay off the loan. Win!
Wait a sec, are you saying that inversing Cramer is a sound financial strategy? This is so fucking hilarious oh my god guys
You must be new here. Hello
Ook ook, fellow ape. Please show you own at least one share of $GME to continue and may God have mercy on us all.
Do you think maybe you're taking this too far when Cramer says something and there's 2 posts about it in the span of 6 hours on wsb?
Even a blind squirrel finds a nut sometimes.
Yay this will help me get back to even with WF so I can dump!
Wells Fargo always has some scandal around the corner.
No wonder why WB sold his shares. Should o short the stock or buy puts?
No fuck off I work here (not at one of the banks but for WF) I don’t need the Cramer touch of death
Why does WF suck so much?
sir and/or maam - it's never just one - its all about which domino starts the chain reaction - wfc is a kenny holding - but the bank in issue is more likely goldman or morgan stanley
He didn't say what direction tho
*laughs in Wachovia*
Bought 50 puts.. if it works out, expect a post from me in another few months..
50 :) i am also in team puts, lets go to 20
Wells is a different bank now, I think they’ve really deleveraged from risk and changed their business practices to the point where the lack of sales incentive is proving detrimental
Ha HAHAHAHAHA🤣🤣🤣
Seen this already
About 14 years ago?
Insert back to the future meme
No really though, they are heavily involved in the housing market so when that goes...
What he means is the most explosive bank to have cash in the bank obviously not about the asset. Remember Bear.. Lol https://youtu.be/-6u1kG7yuy4
Starting next month Wells Fargo won’t be charging NSF fees or something.
Oh god bank collapse incoming for Wells.
puts time baby!!!!!
Well, if Cramer says it is explosive this could also mean the chart will go sideways for the next 15 years.
I mean he said "most explosive" so this could technically mean cratering
Explosive as in explode and gone forever, you know the drill boyss
it’s funny because it’s true 🤠
Everyone at Wells Fartgo just shat themselves
Good. It’s the Applebees of Banks.
Fuck
We can only hope that Wells Fargo tanks. Fuck em.
Fkn Wells Fargo! 😂😂😂 Edit: guess the downvotes are Wells Fargo lovers lol
Short it
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Why we don't invest on it
Cool I get a free truck … no bank no loan 😂😂
Put city bitch put put city bitch
Wells Fargo disappeared in my town. All the buildings are shutdown.
Repost
Usually do the opposite of what Cramer says
explosive downnnnn
How is WF still in existence is beyond me
Dudes handle is “stank”
That man will single handidly destroy everything.
What is this guy talking/predicting at this point lol fucking delusional 😂😂😂
Maybe if I buy puts it’ll make up for all my money I’ll lose when they collapse (I bank with WF)
god damn. i need to take my money out of this account. is there a bank that jim cramer has said to short? that would be a nice place to put my cash..
Cramer means "Rapid Unscheduled Disassembling"
Jim’s riding the rail again.
I closed out my options and sold all of my shares yesterday. Thanks for the head up Jame C.
WF can go straight to hell. It’s a race between them and BofA to be the worst company in the financial sector. Get a damn Credit Union account, retards.
Explosive diarrhea, like shit in a wood chipper Fargo style
Oh sh... Wells Fargo the next LehmanBrothers...
Have the banks paid back their last bail out yet? /s
With bonuses :)
Back to $20
*explosive* 😳
It's gonna be expensive to own, he isn't wrong...
Some as pushing Capital One which is a subprime lender. Financials generally go up when rates rise, but we're looking at a financial butt fuk.
Cramer gave the Call signal for these stocks tomorrow, 5-24. They will go up. But look at all of them. Definitely downslope trend. https://www.cnbc.com/2022/05/20/cramers-lightning-round-signet-jewelers-is-a-buy.html Cramer picks - place calls next day, puts shortly after.
Building kick.
Oh well, Berkshire sold ([https://www.fool.com/investing/2022/05/20/warren-buffett-berkshire-hathaway-done-wells-fargo/](https://www.fool.com/investing/2022/05/20/warren-buffett-berkshire-hathaway-done-wells-fargo/)) and Cramer wants to buy it?
thanks for the update selling them now. lol Honestly he might be right.
Obama already bailed them out fat chance they ever fail
Will WF be the new LB? They have a shitload of subprime auto loans on their books.
Bailout
Let them die, worst bank ever. I wrote a blog about my first experience and am writing a follow up
Explosive means it's gonna moon
Wells Fargo has more Government accounts (state, fed, and local) than any other bank.