“I would be curious to hear the opinions of anyone who knows these banks better than I do.”

For what it’s worth, I did inquire about could the “secret” position be WFC to a former bond specialist at a bank (not WFC) in Charlotte who is both a long-term WFC & BRK owner. His comments:

“Maybe, but he has already missed a big run-up in WFC. They still have 8 consent orders out against them and will be Years until all 8 are gone, including the Big one- asset cap.

A good friend of mine works at Wells and deals with all of their issues and says there is no way to know when the asset cap will be lifted. He doesn’t think it will be anytime soon. He said there is so much work left to do- it is close to being overwhelming.

They had 1 consent order terminated last week. They started with 14 and after last week, they are now down to 8. The Big one is the asset cap which will likely be the last one to be terminated, given it is the most penal.”

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.