US banks continue to rack-up losses amidst the credit crisis.

Wachovia, one of the largest banks in the US, reported a $.20 per share loss in the first quarter, versus forecasted gains of $.40 share… Quite a reverse of fortunes…

Andrew Snyder says, “You do not think the credit crisis is over just like that? A few weeks of ups and downs, some presses releases, and some rule changes and the economy is fixed. Get real. This mess is just getting started.