Mr Mortgage Exposes Wells Fargo Subprime Exposure

this is ugly...subprime rate sheet from August 2006 showing loans for score as low as 500, loans for people with 120-day mortgage lates that should be foreclosed upon and loans to 100% subprime with rates as low as 8%, which is now the same rate as a PRIME 30-yr fixed Jumbo with 20% down. Unreal.