Thursday, September 17, 2009

TheMarketGuardian.com | Wells Fargo’s Ticking Time Bomb: Credit Default Swaps On Commercial Mortgages

Courtesy of John Carney at Clusterstock

Outside experts hired by Wells Fargo to pour through its books are reportedly shocked at the bank’s exposure to derivatives trades it took on when it acquired Wachovia may trigger huge losses at the bank, Teri Buhl reports at BankImplode.com ......