http://www.bloomberg.com/news/2011-06-16/wells-fargo-exits-reverse-mortgage-business-on-unpredictable-home-prices.html
Wells Fargo & Co. (WFC), the largest U.S. home lender, said it was exiting the business of reverse mortgages because of the possibility that property values will decline further, displacing as many as 1,000 employees.
SS SAYS
THIS SPELLS DEFLATION TO ME
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Wells Fargo & Co. (WFC), the largest U.S. home lender, said it was exiting the business of reverse mortgages because of the possibility that property values will decline further, displacing as many as 1,000 employees.
SS SAYS
THIS SPELLS DEFLATION TO ME
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