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Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the appointment of Mr. Howard Atkins to the board, effective December 5, 2022.
top paulson official, paolo pellegrini, told executives that they intended to short the portfolio. they asked him about a meeting with laura schwartz did you tell her that you were interested in taking a short position with abacus? pellegrini says yes, that was the purpose of the meeting. they said we look forward to presenting a complete and accurate evidentiary record in court. it is possible that the government has other evidence contradicting this testimony in which the aca claims it did not know of paulson s short position. and pellegrini walks away from the testimony, saying he doesn t remember specifically telling her, however, adds it would have been a little difficult to sort the miss the fact that we were trying to short this stuff. pellegrini also told investigators that he shared with aca the out lines in how it selected the subprime securities that did was looking for mortgages with low fica scores and high loan-to-value ratios. the government s case is
student lending, wells remained soft. corporate clients about new loans, but overall doesn t see demand picking up until the economic recovery takes hold. once it does, wells is well situated having taken care of it. wells says it appears chargeoffs peaked in the fourth quarter earlier than expected and also said 2008 acquisition is exceeding expectations both culturally as well as fascially. we ll head down to the floor of the new york stock exchange where trish is standing down there with bob. thanks, mary. part of the reason we re seeing a bit of an upside on the dow is that investors are taking a little bit of heart in all these strong earnings. earnings news continues to pile in and most of it is very, very good. we re seeing outside in some of the financials today in part of the comments out of morgan stanley and i want to bring in bob pisani. good to see you, bob. good to see you. let s talk about these financials and what you re seeing. mary did a great job su
a buy signal and things are still awful out there and not going to get better anytime soon here. elsewhere, how about the mortgage situation, the commercial real estate situation i should say more accurately. what s going on there? well, the commercial it s bulls argument is it is going to bottom in the first quarter or the second quarter. the bears are very they say we re seeing rising vacancies and lower rents. how is that good news? demand is no sign of coming back. and finally, how about retail, with 30%. most people feel and that cycle is still yet to play out here. let taiks a look at some of the big banks. right now, as i say, the bulls are prevailing. by in large, these stocks are holding up very well and had been and even though we ve got their earnings reports out there. wells fargo, take example, tom mitchell noted this morning, nonperforming assets grew 18% in the fourth quarter. well, that s pretty awful but it s still better than the prior quarter when nonper