Tuesday, July 22, 2008

Wachovia reports $9 billion loss

Wachovia reports $9 billion loss

Nation's No. 4 bank misses analysts' forecasts and cuts dividend, but insists it is adequately capitalized. bit like B&B and NR did? they are all liars.....

Posted by mark @ 01:44 PM (615 views)
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2 thoughts on “Wachovia reports $9 billion loss

  • “they are all liars” – yes, and the more they insist that everything is under control the more you can be sure that it isn’t. It’s in their interest to say things like that and to release any bad news in small doses and as late as possible. That’s why you always know that things are worse than they seem.

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