[JohnnyZ]

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.

[nicola_tesla]

Bwahaha ! Sold to you !

They are exposed on the west coast and a bit in FL.

Their loan portfolio is frighteningly loaded with seconds and Option ARMS on RE in very distressed areas.

[NetSurfer]

That may be so. But they have done a few questionable things in the last few months (including extending the default period on these loans), and that is worth mentioning.

Don't get me wrong. I have my personal and business operating accounts at Wells and have been doing business with them for 18 years, so I am not looking for them to implode any time soon. I just think that ALL banks involved in toxihybrid lending should be scrutinized. Too many people have been burned when they have assumed that their bank/investments are immune.