Wells Fargo To Tax Payer.....

...Our loans are your problem.

Chris Whalen from Institutional Risk Analytics singing the obvious over Wells Fargo and OBS exposure.

http://www.businessinsider.com/banks-in-utter-chaos-dealing-with-off-balance-sheet-assets-2009-11

Why should Wells bring back assets onto their balance sheets that are already guaranteed by the FHA when those crappy mortgages are in deed the tax payers responsibility?

Wells Fargo is blatantly saying that since the FHA, which is the government,which is the taxpayer, which is us, will bail out Wells for loans that go bad, the TBTF institution doesn't have to reserve against those loans.

There is not a shortage of this type of behavior from one of Warren Buffets biggest holdings.

http://tradersutra.blogspot.com/2009/10/pure-simple-wells-fargo-is-disgrace.html

http://tradersutra.blogspot.com/2009/09/wells-fargo-just-keeps-shenanigans.html

http://tradersutra.blogspot.com/2009/11/warren-buffett-is-not-good-guy.html