Bankruptcy

Wells Fargo Takes Another Hit 

Second liens. Fannie, Freddie preferred equity holdings. And, now, Wells Fargo & Co. [stock WFC][/stock] said after market close on Tuesday that it held roughly $250 million in exposure to now-bankrupt Lehman Brothers Holdings Inc. [stock LEH][/stock]. The banking giant said in a filing with the Securities and Exchange Commission that it will record other-than-temporary impairment charge against Q3 earnings, likely the third such hit to earnings.