Comments on: Wells Fargo COSI replaces Wachovia COSI http://moneycafe.com/blog/2009/12/wells-fargo-cosi-replaces-wachovia-cosi/ Money Matters Mon, 21 May 2012 19:20:29 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: how to regrowth hair naturally http://moneycafe.com/blog/2009/12/wells-fargo-cosi-replaces-wachovia-cosi/comment-page-1/#comment-690 how to regrowth hair naturally Sun, 23 Oct 2011 19:01:28 +0000 http://moneycafe.com/blog/?p=863#comment-690 <strong>how to regrowth hair naturally...</strong> [...]Wells Fargo COSI replaces Wachovia COSI | MoneyCafe.com[...]... how to regrowth hair naturally…

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]]> By: Don http://moneycafe.com/blog/2009/12/wells-fargo-cosi-replaces-wachovia-cosi/comment-page-1/#comment-674 Don Thu, 16 Jun 2011 19:36:41 +0000 http://moneycafe.com/blog/?p=863#comment-674 The COSI has been drifting up. This does not pass the smell test. Is anyone still concerned? Has any progress been made in determining how the “weighted avg.” is calculated? Have any law suits been filed to determine this? Can an independent auditor audit Wells Fargo’s auditor? Like many of you, I have been told the info is proprietary. However, without oversight we all know what banks are capable of. A self determined internal index which magically levitates higher is just Well’s self dealing hocus- pocus. Why wouldn’t Wells want clarity for its cutomers? Perhaps because it wants to obfuscate its slight of hand. Is there anyone left out there willing to fight on. The COSI has been drifting up. This does not pass the smell test. Is anyone still concerned? Has any progress been made in determining how the “weighted avg.” is calculated? Have any law suits been filed to determine this? Can an independent auditor audit Wells Fargo’s auditor? Like many of you, I have been told the info is proprietary. However, without oversight we all know what banks are capable of. A self determined internal index which magically levitates higher is just Well’s self dealing hocus- pocus. Why wouldn’t Wells want clarity for its cutomers? Perhaps because it wants to obfuscate its slight of hand. Is there anyone left out there willing to fight on.

]]> By: mjayp1 http://moneycafe.com/blog/2009/12/wells-fargo-cosi-replaces-wachovia-cosi/comment-page-1/#comment-661 mjayp1 Sat, 15 Jan 2011 16:16:39 +0000 http://moneycafe.com/blog/?p=863#comment-661 The COSI Index has now risen .02 since November. No reason for concern but I hope this ISN'T a trend for 2011!! The COSI Index has now risen .02 since November. No reason for concern but I hope this ISN’T a trend for 2011!!

]]> By: Greg Tibbitts http://moneycafe.com/blog/2009/12/wells-fargo-cosi-replaces-wachovia-cosi/comment-page-1/#comment-660 Greg Tibbitts Tue, 04 Jan 2011 20:31:01 +0000 http://moneycafe.com/blog/?p=863#comment-660 Happy New Year COSI borrowers! Let's hope 2011 brings us some improvement (or at least transparency) from our "favorite" index. We've continued to battle and inquire with Wells Fargo regarding the components of the index, which continues to defy all logic/securities filing data. WFB continues to assure us that it is an honest index, and that there truly are a basket of CDs behind that mathematically compute to the index as reported. They remind us that the computation of the index has been reviewed and approved by their regulators. The only explanation that might make sense is if there were some long duration CDs in the basket of CDs that are stabilizing the index, and that haven't matured yet. I struggle with this explanation when I look at WFB's securities filings, but that is the only thing that appears to make sense. Our primary hope at this point is that when rates start to go up, the COSI is equally slow moving in going up as it has been coming down -- but that's going to be a painful lesson if it moves more quickly that it has dropped. Best to all -- I wish we had real information to work from. Greg Happy New Year COSI borrowers!

Let’s hope 2011 brings us some improvement (or at least transparency) from our “favorite” index.

We’ve continued to battle and inquire with Wells Fargo regarding the components of the index, which continues to defy all logic/securities filing data.

WFB continues to assure us that it is an honest index, and that there truly are a basket of CDs behind that mathematically compute to the index as reported. They remind us that the computation of the index has been reviewed and approved by their regulators.

The only explanation that might make sense is if there were some long duration CDs in the basket of CDs that are stabilizing the index, and that haven’t matured yet. I struggle with this explanation when I look at WFB’s securities filings, but that is the only thing that appears to make sense.

Our primary hope at this point is that when rates start to go up, the COSI is equally slow moving in going up as it has been coming down — but that’s going to be a painful lesson if it moves more quickly that it has dropped.

Best to all — I wish we had real information to work from.

Greg

]]> By: SPK http://moneycafe.com/blog/2009/12/wells-fargo-cosi-replaces-wachovia-cosi/comment-page-1/#comment-651 SPK Fri, 08 Oct 2010 18:26:51 +0000 http://moneycafe.com/blog/?p=863#comment-651 Anybody excited about the settlement that wells fargo has signed with the states....and i was wondering if they are going to fix all pick a payment loans..or just the ones that are in arrears...any thoughts Anybody excited about the settlement that wells fargo has signed with the states….and i was wondering if they are going to fix all pick a payment loans..or just the ones that are in arrears…any thoughts

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