Several years from now? It's time to slowly start buying . WFC will most likely
do just fine over the next decade . I'd bet my bottom dollar that if you bought
WFC now you will most likely get at least 10% a year with DIV . I bought my
first shares of USB in 1993 when I was 18 ! Those shares split adjusted are
worth over $100 a share and I'm getting a 16-17% yield on those shares . So it
depends on your time horizen !

" credit card account balances were up 20% over last year! Does not bode
well for 2008 , that's a huge jump in debt 20% ! "

so whose this bad for? consumers or shareholders...you got to pick a side :>)

here's a kicker for the stock:
http://biz.yahoo.com/prnews/071221/nyf005a.html?.v=1
read this..part b and C basically says if a sale was made then they get paid.
http://www.hud.gov/offices/hsg/sfh/res/resp2607.cfm

I agree with you , but that being said WFC had a big jump in many areas that are
not related to real estate . Like wealth man. , double-digit gains . Gains in
insurance rev. up 6% . So it was not all bad . Non performing real est. loans
were less then 2% .

yeah, that is practically good news. actually it is good news. disturbing is
still coming your way as late payments are beginning to rack up on credit cards
(unsecured defaults) and auto loans (secured but that will be another wave of
expensive mess and useless paper, on a smaller scale for sure). Then the
homebuilders of course will default on their commercial loans. I'll bet some
are technically in default already but the banks will ignore it for as long as
they can. so 6 percent EPS increase is a "yippie"! But i know nothing and i
think the main pain will be over by end of August. - jj

im not that worried about that, certainly not disturbed. there are bigger things
to worry about.