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Wells Fargo CEO: “If I could increase lending by $150 billion today, I would do it.”

CEO John Stumpf says the bank wants to lend more money but can’t due to a lack of confidence in the economy. The bank, with large operations in the Twin Cities, says they are lending at a pre-recession rate with half the demand.
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CEO John Stumpf says the bank wants to lend more money but can’t due to a lack of confidence in the economy. The bank, with large operations in the Twin Cities, says they are lending at a pre-recession rate with half the demand.

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