Wachovia increases Q1 loss by 80%

Wachovia Corp. has increased its first-quarter net loss 80 percent from the total the company reported three weeks ago, citing a $315 million writedown on three contracts in its life-insurance portfolio.

[Little Rock]

When is somebody with cloud going to call for Ken Thompson's head. This is the same person, who, as Crutchfield's waterboy, was intensely involved in the Money Store debacle that nearly took First Union under....
His hand-picked board obviously won't demand a change, since they were selected for their ability to use a rubber stamp.

[Little Rock]

Make that "clout" in the above post.