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Wells Fargo CEO: Housing Market ‘Worst Since Great Depression’ 

Nov 15, 2007By

In remarks delivered today at a Merrill Lynch banking conference in New York, Wells Fargo & Co. CEO John Stumpf said that the nation’s second-largest lender is “not immune” from the housing slowdown and mortgage crunch, while making the latest Great Depression reference in discussing the state of the current mortgage market. From Bloomberg:

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