Wells Fargo's Mortgage Market "Oops"

Wells Fargo announced it planned to "correct and resubmit" 55,000 documents that, if competently used, would get many homeowners The New York Times story expresses skepticim toward the Wells Fargo line.

The significance of the story is that Wells Fargo's stonewalling broke down. It had been the last major bank to try to dodge and weave through the housing crisis. The story seemed to have its own life, with Wells' heaping on the denials while other banks waved the white flag.

The photo shows a Wells Fargo strong box from a very different time.