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Wachovia Quarterly Losses Near $9 Billion

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BusinessWachovia Quarterly Losses Near $9 BillionWachovia Quarterly Losses Near $9 BillionThe Associated PressWachovia reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. (July 22)The economic crisis hit the banking industry particularly hard on Tuesday. Wachovia, the nation's fourth-largest bank said it lost close to nine billion dollars ($8.86) in the second quarter. The sobering announcement also included news that the bank will cut more than six thousand jobs (6350) and slash its quarterly dividend to 5 cents per share from 37.5 cents.Even excluding one-time items, the results substantially missed Wall Street estimates. Wachovia's shares were hammered in early trading, falling to levels not seen since 1991.Wachovia's results were especially sobering for investors who last week sent stocks soaring after better-than-estimated reports from Citigroup, JPMorgan Chase and Wells Fargo. ___ ___, The Associated Press.(****END****)

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Fckum, you know who ... ( 4 months ago by subiesisters)

Fckum, you know who runs the Associated Press, right? Same Gang that runs almost all of our newspapers and media. Should we believe them? No. Should banks be private again? Yes. Do I care about the banks? Only in that they have bilked Americans out of billions of dollars 'before they folded.' Susie

oh yea. i was ... ( 4 months ago by fckuvrymch)

oh yea. i was trying to say it without going that far. there is double deceit here.

Don't bite your ... ( 4 months ago by activechaos128)

Don't bite your tongue. You know who runs our media/associated press. They are the same ones who bought up most of the banks in America after the same artificial glitch in 1930. They are the INTERNATIONAL JEWISH BANKERS!!!

Fckum, I know. ... ( 4 months ago by subiesisters)

Fckum, I know. Hold on, I've got to answer ActiveChaos.....Susie

Activechaos, I like ... ( 4 months ago by subiesisters)

Activechaos, I like your name. I think there are actually two factions: The Jewish Bankers and the Jewish Mafia. I know both exist, I know most of their names and so do most Americans. Thanks for reminding me not to bite my tongue. Susie

hey..iv got to ... ( 4 months ago by freeamerica365)

hey..iv got to agree with subiesisters ...the same people who own the a.p. owns most of the news papers..and most of the media..these numbers are not right..wall street is the largest mob!!! they are out for 3 banker familys...and the fed. thats it!!!

i know it. you ... ( 4 months ago by fckuvrymch)

i know it. you know it, but guess what... the general population has no clue.

Thanks for the ... ( 4 months ago by activechaos128)

Thanks for the compliment subie. They are still both part of the same racist religion and its members are using their influence on American policy not to benefit the best interests of America/Americans but for that of Israel. Even when they have to kill civilian populations to further their agenda as they did on 9/11.

Active, you are ... ( 4 months ago by subiesisters)

Active, you are correct. I don't tend to think of these Jews as being 'religious,' but they sure do hide and unite under the title of "Jews." They kill people. They are very bad and U.S. citizens should be VERY scared. Susie

I had $200k in ... ( 4 months ago by repo4sale)

I had $200k in there. Paid $2000 fee to remove $100k just in case they go under and I want FDIC insurance on the $100k... Sucks but that's better than IndiMac CRACK BANK!!!

May Billy Walker ... ( 4 months ago by Trickdice)

May Billy Walker Fry In HELL that Cunt... he is the reason for this and GB too Fuck First Union All you mother fuckers will get what is comming to you ! ass whole bastards !

The Name First ... ( 4 months ago by Trickdice)

The Name First Union is such a CUNT that they have to change it to a Indi8an Name what a bunch of FUCK WHOLE BASTARDS come and get I wil name names ....but oh whait you cant !!

get your money now ( 4 months ago by Trickdice)

get your money now

And now they have ... ( 3 months ago by Trickdice)

And now they have hired some new wanker as CEO I give him 6 months any one wanna make a wager ? I wonder what happened to the good ole boys back in NC ...a word of advice if you have any money in this low life so called bank get it out now ! I did !

Bank of America ( 3 months ago by fruitybud420)

Bank of America

How does a bank ... ( 3 months ago by Trickdice)

How does a bank loose 5 billion dollars ? What a bunch of chumps ! and Chimps ! cause I used to know some women that worked there 2.

OH!!! Sorry I am ... ( 3 months ago by Trickdice)

OH!!! Sorry I am effin def now I thought they said 5 billion ! now after changing the battery in my hearing aid I hear its *9 billion ? lets go for 12 Billion you dumd ass bastards ..... the workers that work for them are OK in my book ....it is the higher ups that are like JAWS and ya wanna know what ? you fbi dudes ....long pause ... you are guilty to ...I cant wait 2 piss on some graves ............DUVAL wher is your family now ????

philipblumberg ( 3 months ago by Trickdice)

philipblumberg

You are an idiot ... ( 3 months ago by ROOSTERM249)

You are an idiot who is clueless. Let me guess you stormed in argue with the manager and didnt give them a chance to explain that Wachovia has 2 FDIC Charters. Check it for yourself. That means your 200k was fully FDIC insured , dimwit.
You lost $2000 for being underiformed and just plain stupid.

Litigation ... ( 3 months ago by repo4sale)

Litigation Paralegal=114 court cases Single Multi-Millionaire! Top 1.7% MBA=$30m net! 66 countries & passport #5. I read 100+books & 20k web pages/yearly on economics taxes law finance real estate management & sales. I retired at 39 with over $5m, then boosted that to $30m+. My goal is $100m by 2020. I'll give $100 if you publish your apology and admit your the Idiot!

The ones that ... ( 3 months ago by Trickdice)

The ones that started F-you Union took over and the DICK HEADS were from North Carolina and were dumb as a box of efin rocks ! The 2 shit for brains that ran the outfit used to fly in, in 2 seperate hellicopters saying shit like if one crashed you would still have one monkey running the show ! My money is out of this outfit if any US bank goes tits up in the next few weeks it will be this clueless bunch of FUCKERS ! I think most of them are from nazi-germany

I WILL SLAY THEM ... ( 3 months ago by Trickdice)

I WILL SLAY THEM FOR YOU and Poses there \power HA HA HA and the blond corvette bitch !yes satan and I will do your work ! and slay the tall one name the thin man ! ha ha ha

What a bunch of ... ( 3 months ago by Trickdice)

What a bunch of dick heads this bank is They used to be called FIRST UNION and the stupid bastards in N.C. decided to change the name because the FU name was in the shiter all the effin time ! I give the new clueles bastard 6 months and his ass will be on the streets AGAIN ! If he had any brains he will take a model 29 and blow his brains out now ! It will be better for his people

Array ( 3 weeks ago by crazycrazyguggenheim)

wachovia <---I know this would happen !!! Ha Ha you wankers!! My GOLD is safe