[RT] wachovia May Face New Mortgage Writedowns - Financials * US * News

[Ben <profitok@xxxxxxxxxxxxx>]

 

Sent: Wednesday, January 02, 2008 3:03 AM

Subject: [TimeandCycles] Wachovia May Face New Mortgage Writedowns - Financials * US * News

Wachovia May Face New Mortgage Writedowns - Financials * US * News * Story - CNBC.com

 

I've been in the industry for 32 years, and I've been CEO for seven years, and this is as tough an environment as I've seen," Wachovia Chief Executive Ken Thompson said at a Dec. 12 Goldman Sachs financial services conference

 

this is pattern, they will have new writedowns every month for the rest of the year

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