Relevant:
- Wells Fargo Financial Consolidates; 683 offices close, 3800 jobs gone
- Wells Fargo Profit Falls as Energy Loans Sour, Costs Climb (AND ZIRP HURTS)
- Wells Fargo woes show breadth of mortgage meltdown
- Wells Fargo problem loans jump 62 percent, driven by energy
- Exclusive – Wells Fargo’s Commercial Portfolio is a ticking time bomb
2009-09-04 — zerohedge.com
``Yet the most significant observations is the ticking time bomb that is Wells Fargo's 1-4 Family 90+ past due loans. WFC's Construction & Development portfolio is also on the verge of implosion.'' -- 12% severe delinquency; niiiice.
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Comments:
catherine at 00:57 2009-09-05 said:
THIS BANK HAS BEEN "DEAD BANK WALKING" FOR TWO YEARS...........ENOUGH ALREADY, SHOOT THEM AND PUT THEM OUT OF THEIR MISERY AND OUR MISERY......... THE NATION ONLY HAS ENOUGH MONEY TO OWN 1-2 BANKS BECAUSE THEY ALSO HAVE TO BUY A CAR COMPANY, INSURANCE COMPANY, HEALTHCARE COMPANY, ETC., ETC. WELLS HAS BEEN LOADED WITH GARBAGE FROM THE BEGINNING AND THE LIES TOLD TO COVER THEM UP ARE UNRAVELING IN OUR FACES..... Permalinkadd a comment | go to forum thread
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