Wachovia's record $23.9 loss
Oct. 22 - Wachovia has the distinction of posting the biggest quarterly loss for a banking company during the current credit crisis.
The bank, currently being acquired by Wells Fargo, posted a $23.9 billion third-quarter loss thanks to continued erosion in the valu of mortgage loans.
Conway Gittens reports from New York.
SPEAKER: Hugh Johnson, chief investment officer, Johnson Illington Advisors
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