Wells Fargo urges US to boost mortgage market (WFC; WTF)

Failure IS an option. There is always a market, the question is the clearing price, that's what price discovery is all about. From FT Alphaville:

The US government should help revive the moribund market for big mortgages by getting Fannie Mae and Freddie Mac to buy large home loans from banks, the chief executive of the lender Wells Fargo urged in an interview with the FT on Tuesday....MORE