Our Awful Situation

Archive for the ‘Banking’ Category

Wachovia Has $8.9B Loss, Cuts 6,350 Jobs, Dividend

Posted by Charlie Kilo on July 22nd, 2008

Wachovia on the brink:

Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.

Even excluding one-time items, the results substantially missed Wall Street estimates, and shares sank to mid-1991 levels in premarket trading.

How Goldman Sachs took over the world

Posted by Charlie Kilo on July 22nd, 2008

What if my bank fails? Some questions and answers

Posted by Charlie Kilo on July 17th, 2008

Jim Rogers: Fannie and Freddie … let it die!

Posted by Charlie Kilo on July 15th, 2008

Confidence Ebbs for Bank Sector and Stocks Fall

Posted by Charlie Kilo on July 15th, 2008

No More Surprises!

Posted by Charlie Kilo on July 15th, 2008

Second biggest bank failure…ever

Posted by Charlie Kilo on July 11th, 2008

Let Big Brokers Fail; Buy Gold Not Oil: Marc Faber

Posted by Charlie Kilo on June 28th, 2008

Cramer: Banking Doom Is Upon Us

Posted by Charlie Kilo on June 25th, 2008

Only 32% of Americans have confidence in our banks

Posted by patriot on June 23rd, 2008

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