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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