Funny, just about a month ago I boldly publicly recommended shorting Wells Fargo and ORIX in my June 24th post.

My precition was again (as usual) correct. As of my July 15th POTW, WFC fell from over $26 to below $21 and IX fell from over $78 to below $67. Ouch? Not if you listened to Predatorix!

I recommend you take another look at the SFE complaint filed against Wells Fargo and ORIX in February of 2006 (April 11th 2006 and March 25th 2008 POTWs.), as well as the Houston Press article about me and my website in March of 2007. All I have to say is, "Damn, I was so effing right!" and also, "In your face Richard Kovacevich, Wells Fargo, ORIX, and anyone else who didnt believe me!" /dance. Everything I have said to date has been 100% correct, just check all my predictions in the Predatorix Was Right section.

As unfortunate as the trillion-dollar-plus losses have been, it would only have been exponentially catastrophic had it not been for me and my website warning the losses years in advance, as this is a ponzi/pyramid scheme that only gets bigger and bigger, year by year (as you can tell judging by the incredible growth of Wells Fargo's Mortgage Servicing Rights).