good bank lets gov take preferred stock

iVillage Member
Registered: 04-02-2008
good bank lets gov take preferred stock
Tue, 10-14-2008 - 10:19pm

Could someone tell me why a good, liquid bank would agree to having the Gov take over 26 million in preferred stock?


Does that make sense? It doesn't to me.


I am referring to Wells Fargo.