Wachovia Has Record $8.9 Billion Loss, Cuts Dividend

If Wachovia fails, then you can probably forget about the FDIC.And remember that there are no more bailouts left:- Fed: No more bailouts, except Fannie Mae and Freddie Mac._______________________________________________________________________________________July 22 (Bloomberg) — Wachovia Corp., the U.S. bank that hired Treasury Undersecretary Robert Steel as chief executive officer two weeks ago, reported a record quarterly loss [...] continue reading world news