Wells Fargo Fudged Their Numbers

[godoftrading]

http://www.rgemonitor.com/

Wells Fargo changed its write-off policy on April 2008: only loans 180 days past due would be written off instead of loans 120 days past due as before--> Wells Fargo earnings would have been $265m lower and results would have come in below estimates without the accounting change

[awsl]

Shifting of goal post is a good strategy to make your book looks good.
Good job Wells Fargo.