Monday, April 14, 2014

The trillion dollar bailout of Wells Fargo

I just noticed this today. Wells Fargo has over $1 trillion in short-term (less than 1 year) liabilities, for which it pays 0% interest.  When the debts mature, they are just rolled over.

No one else seems to have noticed this phenomenon or cares about it.  Obviously it is a government agency, because anyone else could get at least a minimal amount of interest.  If I can find out anything else about it I will post it.

Update: I can't find anything else about this.  It appears to be a mistake.

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