Wachovia reports $23.9 billion loss - Reuters

NEW YORK (Reuters) - Wachovia Corp on Wednesday posted a $23.9 billion third-quarter loss, a record for any U.S. lender in the global credit crisis, underscoring the challenges Wells Fargo & Co will face after it acquires the big lender. The loss ...

Wachovia Reports Third-Quarter Loss on Real Estate Writedowns - Bloomberg

Oct. 22 (Bloomberg) -- Wachovia Corp. , the lender being acquired by Wells Fargo & Co., had its third straight quarterly loss, hurt by crumbling mortgage markets and writedowns of securities backed by real estate. The third-quarter loss of $23.9 ...

Wachovia Reports Third-Quarter Loss on Real Estate Writedowns - Bloomberg

Oct. 22 (Bloomberg) -- Wachovia Corp. , the lender being acquired by Wells Fargo & Co., had its third straight quarterly loss, hurt by crumbling mortgage markets and writedowns of securities backed by real estate. The third-quarter loss of $23.9 ...

James Bowers: Financial illiteracy plagues America - Providence Journal

THE FINANCIAL CRISIS recently turned Capitol Hill into a buzzing hive of activity, filled with members of Congress in pizza-fueled all-night negotiations. Staffers for both parties have been inundated with phone calls from constituents, and the House ...

Stock market doesn't always reflect the economy - News-Democrat

NEW YORK -- The stock market is not the economy. The market's painful slide downward may be ending. The economy's suffering has a long way to go. How do we know that? Washington is telling us. It's saying the economy is still in serious trouble and ...

Trauner wary of new stimulus - Billings Gazette

CHEYENNE - Federal Reserve Chairman Ben Bernanke has endorsed a possible new economic stimulus that could include a second round of rebate checks to taxpayers, but Democratic U.S. House candidate Gary Trauner said Tuesday that he worries about adding ...

A tutorial on rate spreads - Arizona Daily Star

This is the idea behind interest rate spreads, which are getting a lot of attention lately as investors monitor the tight credit markets. They're important because they can influence how much you pay on your adjustable-rate mortgage or credit card ...

Meltdown 101: What are interest rate spreads? - Associated Press

NEW YORK (AP) -- When you go to the bank for a loan, your own credit history isn't the only thing affecting the interest rate. The rate the bank is paying on its own loans factors in, too. This is the idea behind interest rate spreads, which are ...

Meltdown 101: What are interest rate spreads? - San Francisco Gate

This is the idea behind interest rate spreads, which are getting a lot of attention lately as investors monitor the tight credit markets. They're important because they can influence how much you pay on your adjustable-rate mortgage or credit card ...

All About Interest Spreads - The Ledger

This is the idea behind interest rate spreads, which are getting a lot of attention lately as investors monitor the tight credit markets. They're important because they can influence how much you pay on your adjustable-rate mortgage or credit card ...

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