Is it me, or doesn’t it seem particularly suspicious that Wells Fargo is reporting high earnings immediately after Mark-to-Market was suspended? I’m certainly not a financial wizard, but this sure smells like smoke and mirrors to me. Didn’t WFC buy up all of Wachoia’s crap mortgages?
I just realized that I think my car has appreciated 2 million dollars this year. Congratulate me, I’m a millionaire! I wonder if I can declare that as an asset on my mortgage application?
