Wells Fargo Hires Key Aid As Sen Warner Calls For "Reform" At Fannie Mae / Freddie Mac

In what might be argued is a rare moment when an issue involving the banks is being openly debated to a near even point and not being decided behind the scenes. Watching the Fannie Mae / Freddie Mac debate from the point of the Goliath of U.S. mortgage lenders, Wells Fargo, shows how hiring a key Senate staffer might provide insight into calls of "reform" coming out of Congress. "Reform" is a word that can send terror into the hearts and minds of bankers, which is perhaps behind a recent Wells Fargo hiring decision. What to watch is how public the arguments remain. As concerns in some quarters have been raised that the