Re: Doofus Defense
Hard to say if he would exit WFC..... but I would think he would push for creating a brand new Board of Directors.... getting rid of all the current members and do a lot of house cleaning with those who had any part of this mess.
Buffett also owns big stakes in other banks... US Bank and does he still own some Bank of America?... He might force a merger with one of these ... but the government might block the merger trying to contain the damaged.
After the greed and mismanagement in 2008 this is just another nail in the coffin for "too big to fail" banks now once again looking like "too big to manage". Stay tune.... Congress looks like they finally have found something to agree on and might take action quickly.... remember this is an election year and many want to show their voters that they can do the job in congress.
***PinewoodsBear***