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 theToo Big To Fail banks might be given...