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Bank Mess Gives a Break to Wells Fargo

By Jim Cramer

 About this article:
 A plan is developing totally away from the feds, the tiering of good banks and bad banks. And there are good banks, banks that could have national ambitions, that are now going to get their chance to act. Right here. If the Treasury acts quickly and sets up a good-bank/bad-bank scenario, we can see what can happen. If the Treasury sets up that Mortgage Resolution Trust, it can quickly sell all of the not-too-big-to-fail banks -- National City , Regions , First Horizon (believe me it needs it), Huntington Bancshares , KeyCorp , Washington Mutual (yes! Fifth) and all the other single-digit players -- to Wells Fargo and then put the bad loans in a trust that can work itself out because the bad loans are only from 2005-07. Wells Fargo can do it because the banks are all where it needs branches...

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