In the future people won't bank at WFC, buy Hanes underwear or drink Budweiser :P. But they will be doing a lot of naked videoconferencing :)
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That checks out.
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9% dividend now. Yowzers. It doesn't look like it had a much different default risk protection vs. some of the others. Interested how this looks when updated.https://twitter.com/bespokeinvest/status/1251539334429396995?s=20 …
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Maybe this? “Wells Fargo & Co. is the largest domestic bank buyer of CLOs, holding $34.6 billion, or about 2% of its total assets”https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/those-700b-in-us-clos-who-holds-them-what-risk-they-pose …
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This is the only reasonable answer to the thread but CLO seniors are repped by the ETF SRLN which has held up...ok
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next - Buffett buying credit default swaps?
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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I was just working on that. I assume sellers are thinking about loan losses in real estate combined with low net interest margins. But this is awful!
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Is one of the sellers Buffett?
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