Wells Fargo Fudged Their Numbers

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Wells Fargo Fudged Their Numbers

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22nd July 2008, 06:15 PM

godoftrading godoftrading is offline

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Wells Fargo Fudged Their Numbers

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Wells Fargo changed its write-off policy on April 2008: only loans 180 days past due would be written off instead of loans 120 days past due as before--> Wells Fargo earnings would have been $265m lower and results would have come in below estimates without the accounting change

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