buttercup11

Talk Me Down From the Wells Fargo Ledge

Wells did originate a lot of sub prime, but had the good sense to sell those loans off and to tighten their standards in the last few years. The reason they are not buying yet is the deal hasn't passed so the government benefits that will be available to buyers aren't clear yet. They will be top players and beneficiaries of restructuring these mortgages and helping America de-leverage.