• GoldCore
    07/25/2014 - 09:41
    The EU and global drive toward bail-ins continues unabated. Bail-ins are coming to financial institutions and banks in the EU, UK, U.S. and much of the western world - with painful consequences for...

Wells Fargo

drhousingbubble's picture

Option ARMs: The Most Misleading Mortgage Product Ever Devised. Worst Than Subprime? You Bet. Looking at Wells Fargo, JP Morgan, and Bank of America.





If you had to create a mortgage that was more toxic and more destructive than a subprime loan, you would have a very hard time creating that product. Yet leave it to creative finance to spawn a devilish product with the unique name of option ARMs.

 
Tyler Durden's picture

Wells Fargo Stock Downward Momentum Hits Afterburners





At record low of $12.40. The whole "more sellers than buyers" theme...

 
Tyler Durden's picture

Wells Fargo Blames High Mortgage Rates on "Soaring" Demand





This bloomberg article has left us a little speechless...

 
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