Tag Archives: Wells Fargo

“Stress test” reportedly shows Wells Fargo needs more capital (Denver Post)

Here is today’s article from Denver Post.

Regulators have told Wells Fargo it may need to shore up its finances after government “stress tests” showed the bank would have trouble surviving a deeper recession.

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Interesting Housing News Links (March 14, 2009)

* Household Net Worth Suffers Record Drop (CBS News)

Household Net Worth Suffers Record Drop Fed: U.S. Families’ Wealth Plunged 9 Percent During 2008 Fourth Quarter

* Wyo. man gets 2 years for threats to halt foreclosure (Howard Pankratz, Denver Post)

A man who threatened to kill IRS employees or anyone else who tried to enforce a foreclosure order on his Gillette, Wyo., property has been sentenced to 27 months in prison.

* Worthing man on trial for attempted murder (Eastbourne Herald)

Martin Hewlett, 45, rammed wife Anne off her bicycle as she rode back to their home in Guildford Road, Worthing, then drove back over her and left her for dead, it was claimed.

* Mortgage tax break threatened (Baltimore Sun)

The Obama administration’s budget threatens to cut a benefit many Americans view as practically a right – the mortgage interest tax deduction – and powerful real estate interests are fighting back.

* The Once and Future Mortgage Lender (Vito J. Racanelli, Wall Street Journal)

THE COST OF GOOD INTENTIONS IS OFTEN not obvious, but when the government is doing the intending, you can be relatively sure that the cost will be high. Northern Rock, nationalized by the United Kingdom early last year, might find this out soon enough.

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