Comments by "worn down" (@worndown8280) on "Wells Fargo MELTDOWN Rocks Housing Market" video.

  1. The law of supply and demand would say if there are less lenders that the cost of getting a loan will go up. That said what Wells is doing is what someone would do if they saw a catastrophic change in a market, in this case the housing market. Another poster remarked about who is buying all these MBS's since the Fed isnt. And that is a great question. Are the banks buying their own garbage? I suppose we shall see in a few more quarters. Regardless Wells move doesnt bode well for the future economy.
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