Banking Stocks Take a Lashing

Syndicated from Canadian Dimension on Wed, 2008-07-16

Washington Post
July 15, 2008;

Banking stocks suffered some of their worst losses in a generation yesterday as investors’ confidence in the U.S. financial system continued to erode despite the dramatic initiative by the federal government Sunday evening to bolster mortgage giants Fannie Mae http://www.washingtonpost.com/ac2/related/topic/Fannie+Mae?t... and Freddie Mac http://www.washingtonpost.com/ac2/related/topic/Freddie+Mac+... .