Wells Fargo Has Done It AGAIN! - The Return Of Mortgage Backed Securities!

In this video, I talk with author and economic analyst John Sneisen @TheEconomicTruth about Wells Fargo's latest move to once again issue mortgage backed securities despite the vast trouble they landed themselves in in 2007.

This is Wells Fargo's first post-crisis mortgage bond tied to U.S. home loans without government backing. The non-agency bond will be $441 million and will include top portions which will of course be rated AAA. This sale will be finalized within a week.

So here we go again. As we see massive housing bubbles throughout the United States, we also see the return of the very derivatives that we saw leading up to the 2007/2008 crisis. Mortgage backed securities, credit default swaps, collateralized debt obligations, subprime lending, all the usual suspects. On top of that all, Wells Fargo has been caught up in many dozens of scandals in the past two years alone which speaks loud and clear to the desperation and volatility they face as yet another bankrupt bank.

This video breaks down the latest news, ties it to Wells Fargo's history and explains what it means for the future.

See the FULL video report here:

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