News around the web: Wells Fargo to post $3B profit

By on April 9, 2009, 11:46 AM
Wells Fargo shocks market with record profit @ Reuters
Bionic eye cam to shine a light on society @ NewScientist
Most Outrageous Late For Work Excuses @ MyFox
Spies 'infiltrate US power grid' @ BBC News
See more articles and reviews.

Five years ago in TechSpot:
Longhorn instead of Windows XP SE
Storage
Seagate Momentus 7200.3 320GB Notebook Hard Drive @ Legit Reviews

Video
NVIDIA GTX 275 Review @ OCC
Gainward 295 GTX Graphics Card @ Metku
ATI Radeon HD 4890 & NVIDIA GeForce GTX 275 @ Techgage.com

Misc.
Logitech Harmony 1100 @ InsideHW
Building a Custom Firewall Part 1: Why? @ OCModShop
Gigabyte Overclocking Qualification Round 1 EU @ Madshrimps

Peripherals
Microsoft Sidewinder X8 Bluetrack Gaming Mouse Review @ Futurelooks

Power Supplies
NesteQ E2CS 400 Watt PSU @ TweakPC.de
Sapphire FirePSU 625W power supply review @ Elite Bastards

Cooling
Aerocool CoolPanel 3 @ Pro-Clockers
BFG 9800 GT 512MB ThermoIntelligence Passive Cooling Review @ Hardware Canucks

Enclosures
InWin Matrix Review @ XSReviews
Rosewill P901-P Case Review @ Driverheaven
Cooler Master Storm Scout Mid Tower Chassis @ EXTREME Overclocking

Motherboards
Small Wonder - Zotac GeForce 9300-ITX WiFi @ HardwareZone

Networking
ASUS RT-N15 SuperSpeed N Gigabit Wireless Router @ TweakTown




User Comments: 1

Got something to say? Post a comment
echtogammut said:
Shocking, a bank can make loans with money that costs them essentially nothing and gets to write off debt without having to book the expense and they make money? Who would have thought? I know Wells Fargo was the only major bank to be declared solvent after this latest fiasco, so why was anyone shocked that they would be making money with free money? I recently applied for a business loan with these guys and while I was chatting with the loan officer about the state of the economy, he said that part of the reason that they were not lending money was due to businesses recently having bad business credit! I looked at him for a long time and said "recently"? If you guys are making loans based on the credit of a company in the last couple of months no one will qualify. I have been having big customers drag out their payments long past due dates and I know must companies are not as forgiving at filing collections notices as I am. I understand that the underwriting on the loan is important for the health of the bank, however banks are ultimately responsible for this fiasco and want them to have to open up their books and have a public audit. I think people are generally smart enough, or at least the media can control them enough that they won't rip their money of banks when they find out how deep the hole is.
Load all comments...

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.