"Let's be very clear. If we cannot securitize mortgages, there is no mortgage market. We cannot go back to where lenders warehoused the notes."

Oh really John and why is that praytell?

"It would take a decade to build that infrastructure."

It'll take longer to rebuild our industrial infrastructure and dig ourselves out of debt Johnnyboy. We have the time.

"In the meantime, housing prices are devastated."

Do tell? That might be good news to a people who's income potential has suffered a permanent hit. They might like houses they can afford on what they ACTUALLY make this time eh?

"Whatever wealth effect remains from housing gets worse, and the economy rolls over."

Oh Johnny you silly, silly boy.Whatever "wealth effect remains" is TOXIC SLUDGE, EXTEND AND PRETEND, GHOST INVENTORY. It's the open secret Bernanke and Geitner keep shoving money onto to cover up.

"This is beyond my pay grade"

Yeah, I'm kind of getting that.

"...but there have to be some adults who can make everyone play nice in the sandbox."

Johnny you silly, silly boy, the adults in the sandbox are the Federal Reserve and it's various corporate stockholders. And it's their sandbox. See, that's why you were blindsided by all this and why your attempt at "explaining" it to us now is farcical.

Fact is Johnny, that you don't know what you are talking about. Now go ahead and prove it.

"Ideally, someone in authority at the Treasury, with bipartisan support steps in and says everyone follow these rules, whatever these rules need to be."

Spoken like a true American hero Johnny. With all your breathlessly fresh understanding, you know in your gut there are 3 things to do when confronted with a problem and they are call for government help, ask the government for help and finally, humbly demand the government help.

Letter to Wells Fargo Spokeswpman Vickee Adams,

Dear Ms. Vickee Adams,

In your recent Wells Fargo's press release, you declared that ""Our records show that Wells Fargo's foreclosure affidavits are accurate, When the company finds employees that don't follow procedure, it takes "corrective action."

That's a lie. I can say for a fact that Wells Fargo made us fraudulent mortgage loan and foreclosed my home based on hugely inflated and fraudulent appraisal and refused to correct its mortgage fraud.

Wells Fargo teamed up with its attorneys and spent last 4 years in Nevada courts defending its appraisal and mortgage fraud.

Wells Fargo and its attorneys knew it’s Category C Felony to make mortgage loan based on fraudulent appraisal.

Wells Fargo and its attorneys knew it’s Category C Felony to foreclose home based on fraudulent appraisal.

Wells Fargo chose to violate the law and chose to defraud us.

Hold Wells Fargo Accountable! Save American Dream! Restore banking integrity.

Please sign the Petition at http://www.wellsfargomortgagefraud.com. Let our voice be heard!