Sovereign Bancorp takes $1.6 billion hit, Wall Street takes profits

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By Constance Lavender (about the author)

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opednews.com

Who's zooming who?

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Amid today's profit-taking on Wall Street, has anyone noticed that Sovereign Bancorp announced a $1.6 billion hit in the Fourth Quarter atributed to the volatility in the credit markets?

It makes one wonder exactly who is cashing in their chips on Wall Street today.

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Constance Lavender is an HIV-Positive pseudonymous freelance e-journalist from a little isle off the coast of Jersey; New Jersey, that is...

In the Best spirit of Silence Dogood and Benj. Franklin, Ms. Lavender believes that a free (more...)

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