Any other business?
Mr. Chairman, I have one final item.
The chair recognizes Howard Atkins.
Dick, it’s no secret that we’re hurting…
You can say that again.
Damn, Bob, you’re someone to talk.
As I was saying, we’re hurting. A year ago, our stock was over $33 a share. And, less than 5 months ago, we were nearly $40 a share. We’re barely 1/3 of that today.
Well, you’re Chief Financial Officer, Howard. What are you suggesting?
It’s risky, but…
How much more risky can things get?
We’ve got to find a safer investment for our shareholders. We can’t afford to keep losing value.
Howard, it’s not just suffering from lower stock prices…
That’s why I’m suggesting we pull all investment from the Market.
How do you propose we invest the money? Treasury?
Oh, heavens no.
What then?
As you can see by the charts on the PowerPoint … page 12 … we’ve compared the average return on investment for the last 4 months for major stock portfolios, for treasury, for…
We got it. But I can’t make out label on that last one. The one that shows the best return?
Vegas.
Pardon?
Las Vegas casinos.
Las Vegas casinos?
Yes, at the rate we’re losing value, if we took all our funds, headed down to Vegas, and played the tables, our performance over the next 5 months would be better than the past 5 months.
Vegas?
Vegas?
Vegas?
All in favor, by show of hands. The proposal passes.
When do we head out?
How long would it take us to get the cash?
You know, it’s a good thing that we already took the bailout money before the President put that half-a-mil cap on salaries. We’re exempt.
Does that mean you’re going to bet any of your money while we’re there?
Don’t be silly.
“WE need to spend , spend , spend to save the economy!”
“Um Hm.”
“WE need to give,give,give to help the folks in this economy!”
“Um Hm.”
“WE must act now,now,now, to limit CEO salaries, or it will be a catastrophe!.”
Are you going to spend your money
or give your money,
or limit your wages, benefits or pension, Senator?”
“Don’t be silly.”
I think I’ve got it staight now, Dr Susse is writing the script for our lives
Let’s not forget WHO got us in this predicament in the first place.
Red congressman, blue congressmen
Old politician, new politician
This one has a little car
This one has a little star
Say what a lot of rich congressmen there are.
See it almost writes itself (Dr. Seuss wise that is)
Dumbest…Blog…EVER. Wells Fargo is one of America’s best companies. The stock price has dropped because it’s grouped in with laggards like BofA, Merrill, Citi, and the likes. Numerous sources, including the Wall Street Journal, clearly reported that Wells Fargo clearly never wanted the TARP funds, and strongly opposed any government loans. They were forced to take them and forced to pay them back, with interest, on a pre-set payback schedule. Do some research before you crucify Wells Fargo for wanting to reward it’s top employees that helped them earn a PROFIT of just shy of 3 BILLION dollars in 2008. That’s Billion, with a B. They were spending their own money on a recognition trip…get over it…
[Glad to see Wells Fargo employees have time to read blogs at work. – B]
Wells Fargo peeps are dumb. Stoopit. Maroons. Flaming Ronin.
Take a look at this crew…can you believe these maroons are in charge of facilitating credit to the Western half of the country? They look like flaming berks with bad (fake) hair and costume make-up.
Burp.
This gang couldn’t manage their way out of a car wash.
Pleeeeeez come to Vegas….we are hurtin here and it would help stimulate our economy!
[Glad to see Wells Fargo employees have time to read blogs at work. – B]
I wonder which one of the pictured folks this was….
Linking to stockcharts, you might consider stockcharts.com. Then be sure to hit the ‘Linkable version” before copying the link. The yahoo chart never caome up for me it was looking for l.yming, or some such.. Maybe it’s my setup.
Anyway, If they gots cajones, they might actually do pretty well at Texas Hold Em. It starts back up in March.
I can’ts waits !!
International No Limits Rock-Paper-Scissors.
Wells Fargo is one of the few banks that is doing well. People are flipping their lids and criticizing every little thing whether they know the truth or not.
[You don’t think they’d get PO’d about this and close my account, do you? – B]
This was funny as hell, sad but funny.
THOMAS JEFFERSON SAID “A BANK POWERFUL ENOUGH TO GIVE YOU ANYTHING YOU WANT, IS POWERFUL ENOUGH TO TAKE EVERYTHING YOU HAVE”. THINK ABOUT IT! SUBSTITUTE GOVERNMENT FOR BANK, AND YOU HAVE A PERFECT EXAMPLE OF WHAT IS HAPPENING TO OUR COUNTRY NOW. WAKE UP, PEOPLE!! THIS IS NOT THE “AMERICA I WAS BORN IN TO. WHEN AN OBVIOUSLY ARROGANT, LOUD, AND ENTRENCHED MINORITY {LIBERALS} CAN LIE, CHEAT, AND OBFUSCATE THEIR WAY INTO POWER,WHEN MAINSTREAM MEDIA HOLD SUCH SWAY OVER INFORMATION, HOW CAN WE {TRUE BELIEVERS IN THE CONSTITUTION} SIT ON OUR HANDS, BE SILENT IN THE FACE OF BLATANT TYRANNY,AND SLEEP AT NIGHT. ASK YOURSELF ONE QUESTION: WHERE DID THE FIRST 350 BILLION OF OUR MONEY {YOURS AND MINE} GO IN THE FIRST BAILOUT PACKAGE? NO ONE IN GOVERNMENT SEEMS TO KNOW! NOW WE ARE THROWING ANOTHER TRILLION PLUS $$$S INTO THAT SAME BLACK HOLE. DON’T COUNT ON THE MEDIA TO KEEP YOU INFORMED. IT’S NOT GOING TO HAPPEN.