Parsad Posted May 26, 2009 Share Posted May 26, 2009 Acquired loans by many banks including JPM and WFC, will end up providing them with income over the next few years due to purchase accounting rules that forced them to mark the loan values down when acquired. Probably the income will be well over the actual acquisition cost of the companies they bought. Cheers! http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ838mo99dGo&refer=home Link to comment Share on other sites More sharing options...
Mandeep Posted May 27, 2009 Share Posted May 27, 2009 Who's long WFC and JPM? Link to comment Share on other sites More sharing options...
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