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WallStreetFamily

02/26/08 4:27 PM

#137814 RE: DK 212 #137813

dk212........Wells Fargo speaks for itself and I know first hand Large Investors in Seaway Capital (swvc). FACT
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anderbest18

02/26/08 4:41 PM

#137825 RE: DK 212 #137813

yeah, just like everybody knew what big positions the banks were holding with their sub prime loans...
Any big bank has even a special department for venture capital. They invest a certain percentage of their funds in those high risk plays. It is not decided by some loan officer, it is a team who investigates that and most of the time decided by a credit committee.
They would not call it a "good gamble" as you mention, but rather a "calculated risk"