red5

Is Wells Fargo's Latest Memo a Sign Real Estate is Bottoming?

I don't see that excerpt as any indication that Wells Fargo thinks the market is bottoming out. Further, Wells Fargo has been one of the most repsonsible lenders throught this whole crisis and I don't think your description of them as "...realizing that housing markets have declined!" is accurate. They have realized the situation a lot longer then the other major banks. There's a reason their the only one with AAA rating.

Dislaimer: red5 owns shares in WFC