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What is Wachovia thinking? They just sold several of their retail bank, corporate and investment bank and wealth management businesses to CitiGroup and now are sponsoring the vice presidential debate? What? You’d think that they’d try to save any money they could, in …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …