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Jan 20, 2010 8:45 pm

I saw in the infomax where wells Fargo will make additional 250k donation on the top of the 100k they have committed to the Haitian relief. After earning 12.3 billion in profit for the year wells is putting their name out there by committing tremendous portion of their profit for a such a great cause. I'm so proud to be associated with this wonderful companyhttp://forums.registeredrep.com/smileys/smiley36.gif

Jan 21, 2010 10:09 am

Well the US GOv't is already contributing...so why should WF? Are they not a Gov't Owned Enterprise lol!

Jan 21, 2010 11:37 am
skbroker:

I saw in the infomax where wells Fargo will make additional 250k donation on the top of the 100k they have committed to the Haitian relief. After earning 12.3 billion in profit for the year wells is putting their name out there by committing tremendous portion of their profit for a such a great cause. I'm so proud to be associated with this wonderful companyhttp://forums.registeredrep.com/smileys/smiley36.gif

 
 
good call
Jan 21, 2010 4:35 pm

well MSSB gave a whole 1mm but unlike the kool aid drinker who start this post i don't think that would make me teenager girl giggly to work for an otherwise insensitive homeforclosing, corrupt mortgage broker, srewing the advisor on comp corporate monster.  I would think the goodwill was more about GUILT! 

Jan 21, 2010 4:48 pm
mnymker:

well MSSB gave a whole 1mm but unlike the kool aid drinker who start this post i don't think that would make me teenager girl giggly to work for an otherwise insensitive homeforclosing, corrupt mortgage broker, srewing the advisor on comp corporate monster.  I would think the goodwill was more about GUILT! 

 
its sarcasm o bright one.
Jan 21, 2010 7:06 pm

1.5mm @ubs

Im sad about haiti but all these banks / brokers are laying off thousands of Americans. now is not the time for charity, its very irresponsible to the shareholders & employees.

Jan 21, 2010 10:30 pm
mnymker:

well MSSB gave a whole 1mm but unlike the kool aid drinker who start this post i don't think that would make me teenager girl giggly to work for an otherwise insensitive homeforclosing, corrupt mortgage broker, srewing the advisor on comp corporate monster. I would think the goodwill was more about GUILT!





stfu. tool

Jan 21, 2010 10:32 pm
ABOM:

1.5mm @ubsIm sad about haiti but all these banks / brokers are laying off thousands of Americans. now is not the time for charity, its very irresponsible to the shareholders & employees.





abom....gezz man, have a heart.   

Jan 22, 2010 10:08 am
Shania Twain:
ABOM:

1.5mm @ubsIm sad about haiti but all these banks / brokers are laying off thousands of Americans. now is not the time for charity, its very irresponsible to the shareholders & employees.





abom....gezz man, have a heart.   



Shania, you shouldn't spend what you don't have. These companies are not truly profitable, are still weak, and making large donations is inappropriate at a time when you're laying off people  and weakening their benefits for existing employees. Once they have restored their dividends, and increased their stock prices to new all time highs, then maybe. But, charity is for people who can afford it. Part of what has gotten our country into so much debt is irresponsible big heartedness (e.g. mortgage subsidies, continued extensions of unemployed auto workers, excessive benefits).

Have you ever noticed that the most charitable firms (the ones that lefties love so much) tend to be the least focused and profitable (for example, C)? And yet you never hear about AAPL or GOOG's charitable initiatives. Have you ever noticed that the most liberal cities are always the ones with the biggest problems with poverty and move from budgetary crisis to crisis every few years? (Umm, like Berkeley, CA schools showing the greatest racial disparity in school achievement for example?)

Maybe these bank executives should be focusing less on their "role in the community" and their "responsibility to stakeholders" and more attention to sustainable growth. Then they might actually have some excess profits to give to those less fortunate. I don't think anyone's complaining about GS distributing money to widows and orphans.

What would have been appropriate was for the senior executives of these companies to take voluntary pay reductions and give it to Haitian suffering. What their effectively doing is being charitable with other peoples' money.

Jan 23, 2010 6:41 am

Save Haiti.  Fu*k UBS.  Probably in that order but not necessarily. 

Jan 23, 2010 3:43 pm
skbroker:

I saw in the infomax where wells Fargo will make additional 250k donation on the top of the 100k they have committed to the Haitian relief. After earning 12.3 billion in profit for the year wells is putting their name out there by committing tremendous portion of their profit for a such a great cause. I'm so proud to be associated with this wonderful companyhttp://forums.registeredrep.com/smileys/smiley36.gif

 
If WF sent a few million to the Haitians it's only because they found a way to f*** them 10x on the backside for it. All the while Danny the stooge is telling them ummmm well ummmm I think ummmm this is a "meaningful" deal ummm and as for the fine print ummm well we'll have it out before Thanksgiving.
 
 
Jan 23, 2010 5:07 pm

I alreadt have plans to rebuild with a security backed line of credit.  Libor plus 2.75%