Buffet Re Banks

Wells Fargo is Buffet’s largest stock position.  Wells Fargo is a bank.  He says that the bank has stopped offering sub-prime auto loans.  The problem?  Fifty percent of these loans go into default in first six months.

Did you know that your bank was into sub-prime auto loans?  My interpretation of this news?  Bankers today are brain dead crooks giving away your savings.  Big bank crash ahead.