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Although I agree with you for the most part, companies such as Capital One or Discover who did not have intervention grew much faster and took much more of the
by lettergram 12y ago
Although I agree with you for the most part, companies such as Capital One or Discover who did not have intervention grew much faster and took much more of the market than other banks. Further, Ford did exceptionally well when the other automakers were having trouble and I was thoroughly impressed.
- deleted 12y ago[deleted]
- seanmccann 12y agoDiscover got $1.2 billion. Capital one got $3.6 billion. Both are a small fraction of the $25 billion Wells Fargo and Citigroup got.
- spuiszis 12y agoWhat's important is the amount of money relative to the size of the institution. Discover and Capital One were a faction of the size of WF + Citi. In 2008, WF had $1.2 Trillion in assets[1], Discover has $78bn today (had trouble hunting down the '08 #). [1]https://www08.wellsfargomedia.com/downloads/pdf/invest_relations/wf2008annualreport.pdf https://www08.wellsfargomedia.com/downloads/pdf/invest_relat...