Wells Fargo Smoke and Mirrors

no doubt, more smoke and mirrors bs from the banks.....reserves are still to low and everyday getting lower as home prices fall....equity lines of credit are underwater on devalued real estate, and they already took 25 billion from the government and they still have to play games with the numbers....I don't think we have heard the end of the wachovia deal and the options arms it took over from world savings......oh by the way who are they going to lend to even if they con the government into paying for their toxic assets????mortgage applications down 30%......even if the bad bank is started it will take months before they even figure out pricing and then they will be worth even less.......