That WSJ article is only available to paid subscribers.
USBanker has an interesting article that they have made available to everyone, not just their paid subscribers.
"Time to Sell Sour Loans? BB&T and PNC Say 'Yes'"
July 2010
http://www.americanbanker.com/bulletins/-1023010-1.html
The article is neutral in tone but with a lot of facts. Rather than risk copyright issues, and that no one paragraph gives enough to supplant the value of reading the entire article, I have chosen to not copy and paste any part here.