June 27th, 2008

Forbes.com

Liz Moyer, 06.26.08, 3:00 PM ET

Wall Street's Widening Credibility Gap

The carnage spread across the financial sector. Fortis was down 19%, Lehman down 6%, National City (nyse: NCC - news - people ) down 7%, MBIA (nyse: MBI - news - people ) down 11% and Washington Mutual (nyse: WM - news - people ) down 6%. The Keefe Bruyette & Woods (nyse: KBW - news - people ) index of bank stocks, the BKX, was off 3%. Financials dragged the S&P 500 17% below the record it set back in November. [Emphasis added]

http://www.forbes.com/2008/06/26/banking-earnings-goldman-biz-wall-cx_lm_0626credibility.html?partner=yahootix

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