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To: Candor7
Wells has 73 billion in home equity loans, primarily in southern CA, NV and AZ. Many are piggybacked on WF first mortgages. See the back page of the WSJ today.

Wells is definitely exposed.

25 posted on 10/03/2008 9:39:04 AM PDT by NetSurfer (BO stinks.)
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To: NetSurfer
Thanks for this information. Its good to know. Its also interesting that Wells was much lower on the FDIC pecking order than Citicorp.

Wells just skipped ahead in the bailout ticket purchase line.

That has a whole bunch of feds in a tizzy.

I like that!

Watch the Feds come out and rail against Wells Fargo for its "Greed!"

What a laugh.

27 posted on 10/03/2008 9:44:41 AM PDT by Candor7 (Fascism? All it takes is for good men to say nothing, (http://www.theobamafile.com/))
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To: NetSurfer
Wells has 73 billion in home equity loans, primarily in southern CA, NV and AZ. Many are piggybacked on WF first mortgages. See the back page of the WSJ today. Wells is definitely exposed.

Ya, but their underwriting is better than any of the other major players and they mitigate their risk well.

30 posted on 10/03/2008 10:15:27 AM PDT by JohnnyZ (This gun for hire)
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