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Wells Fargo Fudged Their Numbers
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Old 07-22-2008, 06:14 PM
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Default 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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