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Author: horacekgl Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 9023  
Subject: Re: Bank Stocks Date: 12/7/2007 3:29 PM
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My only concern is how do with know the author is right about their mortgage exposure. It's not always easy to find out what the bank has.

And the article doesn't help much, even lending credence to some well known disinformation. Two banks it mentions, Washington Mutual and Wells Fargo are the least likely to be bad investments. Washington Mutual is one of the best managed banks around and at the current price possibly represents a 100% stock gain over the next 3 years. Warren Buffett is loading up on Wells Fargo as present. Last I heard, he was no dummy and knew a thing or two about calculating risk.

Proceed with caution, but the current hysteria is overdone. Wise buying will be repaid many-fold.

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