Tag: montgomery Securities

Go Sue Yourself!

Perhaps based upon a well-known, anatomically difficult, consensual act, Wells Fargo has sued itself in a Florida foreclosure case reported by Business Insider earlier this month:

“Wells Fargo holds the first and second mortgages on a condominium….As holder of the first, Wells Fargo is suing all other lien holders, including the holder of the second, which is itself.”

Nice move, Wells Fargo. But I had that self-abusive idea first.

In 1989, while working for Montgomery Securities in San Francisco, I zapped a friend by hacking into our pre-internet business wire and generating this official-looking “news story.”

The hard-to-read original text in the sidebar is:


San Francisco, Ca, April 5/PRNewswire/ — In an unprecedented legal maneuver, Montgomery Continue reading “Go Sue Yourself!”

Keep Your Head Down, Bernie

For most of a decade I worked for San Francisco’s Montgomery Securities (which became Banc of America Securities after a purchase).  I was a securities analyst and then an institutional salesman. We called ourselves investment bankers, but no one ever asked for a definition of that title. I joined in 1986, staggered through the 1987 crash, then rode the market upward until my retirement in late 1994, just in time to miss the Great Market Uptick. My boss once told me that could have been a great salesman if I only had “more larceny in my heart.” My assignment, he more than once intoned, was “to turn my clients’ assets into my personal net worth.”

Continue reading “Keep Your Head Down, Bernie”