Thursday, October 23, 2008

Wells Fargo's Kovacevich: Recovery Sooner than You Think?

Despite the stream of bad economic and investment news these days, there are still some optimists in the financial world.

At his sold-out speech to The Commonwealth Club on October 221, 2008, Wells Fargo & Co. Chairman Dick Kovacevich had some good news for people who are trying to figure out how long the expected (worldwide) economic downturn will last. The recover "will get done and sooner than most people think," Kovacevich told The Commonwealth Club audience, according to an article in the Sacramento Business Journal.

Kovacevich said he believes governments around the world will "do whatever it takes to stabilize the financial system."

We'll post full video here of the program as soon as it's available.


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