Las Vegas Needs Wells Fargo!

It might seem reasonable to complain about Wells Fargo having a business meeting in Las Vegas. There are unintended consequences when making adverse judgements of every expense made by any entity receiving taxpayer rescue funds. The hospitality staff in Las Vegas and other resorts need the business. They have mortgage payments to make on their homes!

Then look at the merits of the accomplishment of Wells Fargo's mortgage business.

• Wells Fargo was first in the nation in conventional mortgage originations in 2008
• Wells Fargo was first in the nation for FHA mortgage originations in 2008
• Wells Fargo was first in the nation for VA mortgage originations in 2008

I'd reward my sales staff for keeping the top position in the nation on these mortgage products for two consecutive years.

Lets be happy that Wells Fargo elected to have their meeting in Las Vegas as opposed to Tahiti!