Wells Fargo at Barclays Conference Form

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WE PREPARE TO TRY TO KICK OFF EARNING SEASON, GOOD MORNING, TO YOU, JASON LET'S START WITH CREDIT SUISSE LAST WEEKEND WAS A DOOZY EVERYBODY WAS CONCERNED, WORRIED ABOUT THE FATE OF CREDIT SUISSE. WE TALKED ABOUT IT IN THE CONTEXT OF IS THIS SOME KIND OF LEHMAN MOMENT. CAN THEY GET TO THE 27th OF OCTOBER WHEN THEY'RE GOING TO ANNOUNCE EARNINGS AND THIS RESTRUCTURING PLAN WHERE DOES CREDIT SUISSE IN YOUR MIND RIGHT NOW AND AS A STOCK PICK AS WELL >> YEAH, MY FOCUS IS ON THE U.S. BANKS, AS YOU KNOW CLEARLY THE COMPANY SAID THEY'RE GOING TO COME OUT IN LATE OCTOBER WITH THE RESTRUCTURING PLAN I THINK THE STREET IN GENERAL IS WAITING TO SEE WHAT THEY HAVE TO SAY. YOU MADE THE REFERENCE TO 2008 AND LEHMAN BROTHERS, IF YOU KIND OF COMPARE/CONTRAST JUST THE FINANCIAL SERVICES SYSTEM IN GENERAL TODAY VERSUS THEN, IT'S REMARKABLY DIFFERENT IN TERMS OF THE CAPITAL, THE LIQUIDITY, THE HEALTH OF THE BALANCE SHEETS OF THE BANKS, PARTICULARLY IN THE U.S. I THINK IT'S NOT A GREAT COMPARISON