More great economic news
 

By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring losses
from mortgages and other debt led to large write-downs.
The loss for Wachovia totaled $8.86 billion. Two Ohio-based regional
banks, Fifth Third Bancorp and KeyCorp , posted losses, after warning
last month of weak results. Southeast regional banks Regions Financial
Corp and SunTrust Banks Inc each said profit fell.
Wachovia and Regions also slashed their dividends, while Wachovia, Fifth
Third and KeyCorp incurred charges from their tax treatment of some
lease transactions.
Banks are suffering as the nation's housing crisis deepens, making it
harder for consumers, businesses and homebuilders to stay current on
their loans.

OT: Harry Spam.
 

....

More great economic news
 

"HK" wrote in message
...


By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring losses from
mortgages and other debt led to large write-downs.
The loss for Wachovia totaled $8.86 billion. Two Ohio-based regional
banks, Fifth Third Bancorp and KeyCorp , posted losses, after warning last
month of weak results. Southeast regional banks Regions Financial Corp and
SunTrust Banks Inc each said profit fell.
Wachovia and Regions also slashed their dividends, while Wachovia, Fifth
Third and KeyCorp incurred charges from their tax treatment of some lease
transactions.
Banks are suffering as the nation's housing crisis deepens, making it
harder for consumers, businesses and homebuilders to stay current on their
loans.

http://tinyurl.com/5wexsr

More great economic news
 

On Tue, 22 Jul 2008 13:04:23 -0400, "D.Duck" wrote:


"HK" wrote in message
...


By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring losses from
mortgages and other debt led to large write-downs.
The loss for Wachovia totaled $8.86 billion. Two Ohio-based regional
banks, Fifth Third Bancorp and KeyCorp , posted losses, after warning last
month of weak results. Southeast regional banks Regions Financial Corp and
SunTrust Banks Inc each said profit fell.
Wachovia and Regions also slashed their dividends, while Wachovia, Fifth
Third and KeyCorp incurred charges from their tax treatment of some lease
transactions.
Banks are suffering as the nation's housing crisis deepens, making it
harder for consumers, businesses and homebuilders to stay current on their
loans.

http://tinyurl.com/5wexsr


I can't understand why Harry keeps posting the doom and gloom news since
the Democrats took over Congress. Hell, I'd be embarrassed.

More great economic news
 

"D.Duck" wrote in message
...

"HK" wrote in message
...


By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring losses from
mortgages and other debt led to large write-downs.


and the Duck offered:

http://tinyurl.com/5wexsr


To which I say, "Thank you" for balancing the act going on here.

Eisboch

More great economic news
 

Eisboch wrote:
"D.Duck" wrote in message
...
"HK" wrote in message
...

By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring losses from
mortgages and other debt led to large write-downs.


and the Duck offered:

http://tinyurl.com/5wexsr


To which I say, "Thank you" for balancing the act going on here.

Eisboch



Why does this "act" of Harry's remind me of a 3 yr old jumping up and
down screaming "Look at me".

More great economic news
 

RPS wrote:
Eisboch wrote:
"D.Duck" wrote in message
...
"HK" wrote in message
...

By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S.
banks in posting weak second-quarter results on Tuesday, as soaring
losses from mortgages and other debt led to large write-downs.


and the Duck offered:

http://tinyurl.com/5wexsr


To which I say, "Thank you" for balancing the act going on here.

Eisboch


Why does this "act" of Harry's remind me of a 3 yr old jumping up and
down screaming "Look at me".



Is it because you really are a *R*epulsive *P*iece of *S*chitt?

Because of it bad corporate management practices, Wachovia is laying off
thousands of people.

More great economic news
 

On Jul 22, 4:21*pm, RPS wrote:
Eisboch wrote:
"D.Duck" wrote in message
m...
"HK" wrote in message
...

By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring losses from
mortgages and other debt led to large write-downs.

and the Duck offered:

http://tinyurl.com/5wexsr

To which I say, "Thank you" for balancing the act going on here.

Eisboch

Why does this "act" of Harry's remind me of a 3 yr old jumping up and
down screaming "Look at me".

Looks like it is working.

Vic, as Richard posted earlier.......thanks for the link showing
positive news.

More great economic news
 

Eisboch wrote:
"D.Duck" wrote in message
...
"HK" wrote in message
...

By Jonathan Stempel

NEW YORK, July 22 (Reuters) - Wachovia Corp led several large U.S.
banks in posting weak second-quarter results on Tuesday, as soaring
losses from mortgages and other debt led to large write-downs.


and the Duck offered:

http://tinyurl.com/5wexsr


To which I say, "Thank you" for balancing the act going on here.

Eisboch


Oh? Did the bank in the news clip you like add 6000 jobs? Because that's
the number Wachovia cut.

More great economic news
 

"hk" wrote in message
. ..



Oh? Did the bank in the news clip you like add 6000 jobs? Because that's
the number Wachovia cut.


Obviously, I am encouraged by the fact that not *all* of the big banks are
in serious trouble.
The loss of jobs is unfortunate, but it's part of our capitalistic system,
the same system that also creates jobs.

Your philosophy of corporations "owing" people jobs is admirable, but
unrealistic in our system. Survival and stockholders equity come first.

Overall, it has worked very well over the years, but is certainly subject to
ups and downs.

Now don't get excited .... just another POV.

Eisboch