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 Search for: Wachovia Raided by Feds! Stock up 13% ???.
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neversaynever

1049 Posts

Posted - 07/17/2008 :  11:00:06 AM
http://biz.yahoo.com/ap/080717/wachovia_raid.html?.v=6

Guess its not really a big deal anymore when the state sends in the stormtroopers?

quote:
In April, the Securities Division launched a full-scale investigation, requesting documents, e-mails, transcripts and other records from Wachovia Securities and other banks. Wachovia Securities has not fully complied with these requests, prompting today's onsite inspection.

"Hundreds of Missouri investors have called my office because of inability to access their money. They were told these investments were safe and easy to cash in, but now they cannot run their business, make medical payments, or pay school tuition," Carnahan said in a statement. "Our office is doing all we can to find solutions that will make these investors whole."
VVance

6599 Posts

Posted - 07/17/2008 :  11:11:22 AM
As I just vented in another post, Wall Street, I guess along with everyone else, is back into denial. The manipulation game is back in play...the one where the Fed tells you everything is fine and companies who have issued guidance at lousy levels beat their number by a couple of pennys through accounting gimmicks, and everyone rejoices!
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