Wells Fargo “Lending” Securities It Didn’t Own

This is why there is over $11 TRILLION in UNREGULATED MBS DERIVATIVE debt when there are only 100 million mortgageable properties in the U.S. housing universe. Securitization and rehypothecation have taken down the American Dream and creamed Fannie & Freddie.

1 thought on “Wells Fargo “Lending” Securities It Didn’t Own

  1. WFB was caught red handed here in Baltimore targeting minorities for subprime loans when to the contrary said minorities qualified for prime. The City of Baltimore brought suit about 12 years ago. WFB settled. But WFB is greedy and believes they are above the law and can do what they want – apparently this is true. Where is WFB now? Still here in Baltimore with ATMs on every corner in every convenience store in underserved neighborhoods. They may not be using the WFT logo but trust and believe they are the ones putting the cash in those machines.

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