Our Awful Situation
Archive for the ‘Banking’ Category
Wachovia Has $8.9B Loss, Cuts 6,350 Jobs, Dividend
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
What if my bank fails? Some questions and answers
Jim Rogers: Fannie and Freddie … let it die!
Confidence Ebbs for Bank Sector and Stocks Fall
No More Surprises!
Second biggest bank failure…ever
Let Big Brokers Fail; Buy Gold Not Oil: Marc Faber
Cramer: Banking Doom Is Upon Us
Only 32% of Americans have confidence in our banks
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