$WFC - Wells Fargo reconsiders plan to party in Las Vegas.
The company had planned a posh outing for its top mortgage writers to kick off this week at the Wynn Las Vegas. The conference is a Wells Fargo tradition. Previous years have included all-expense-paid helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 employees and guests. I should think so. $25 billion of TARP money and folks might ask some questions.
The market had an okay day. I doubt anyone is jumping for joy these days on a smalll up day. It is as if hope and life have been sucked out of investment portfolios.