Credit Quality Monitor: June 2010

Credit Quality Continues to Deteriorate but Hope Emerges Following every major disaster, there are always several questions on everyone’s mind. Is everyone okay? What is the damage? How long will it take to clean up? Is it truly over? Will we be hit again? These questions are just as relevant after a tornado, earthquake or hurricane as they are after a financial crisis. A major contributing factor … Credit Quality Continues to Deteriorate but Hope Emerges Following every major disaster, there are always several questions on everyone’s mind. Is everyone okay? What is the damage? How long will it take to clean up? Is it truly over? Will we be hit again? These questions are just as relevant after a tornado, earthquake or hurricane as they are after a financial crisis. A major contributing factor of the Great Recession was the low level of concern about the credit quality of borrowers, namely for real estate loans. Since credit is the lubricant of modern economies, it is imperative to closely monitor the nation’s credit system. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

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