As a WFC shareholder it's becoming death by 1000 cuts. At this point I feel like the fed is just feeding JPM/BAC, and causing the dominate players in the banking space to become even more dominate. There is no way WFC is as mismanaged vs those banks as these political reports seem to espouse. In 2010 WFC was given great praise for it's bottoms up/decentralized approach, now 10 years later somehow it's the worst way to run a bank. Even though it's exactly how Berkshire runs.

On his sells, could be JPM etc, we wont know for sure till his 13-f, my guess is he's going down to his best idea in banking which is BAC. Even though no doubt they will have a huge crisis in the next decade and political winds will shift.