Investors have snapped record amounts of secondary shares issues by financial companies needing to finance their latest takeover, or merely re-capitalize after huge mortgage-related losses, despite stocks bouncing around like yo-yos.

Last week’s $12.6 billion share issue by Wells Fargo to help it finance its acquisition of its fallen rival Wachovia was the largest follow-on stock offering ever in any industry, edging out GE’s $12.2 billion follow on in October, according to Thomson Reuters data.

The financial crisis has sent banks and insurers to the equities markets hat in hand like never before- nine of the ten largest follow ons ever in the United States were issued this year.

Among the casualties of the crisis have been companies waiting in vain to launch their IPOs, as the capital hungry banks crowd them out. There has not been an IPO in the U.S. in 14 weeks. Excluding VISA’s record-breaking $18 billion IPO, U.S. IPOs collectively have raised $7 billion, peanuts next to many these financial secondaries, let alone the total $95 billion financial companies have raised this year.

Here are the 10 largest secondary offerings by financial companies in 2008 so far:

Wells Fargo: raises $12.6 billion in November
JP Morgan Chase: raises $11.5 billion in September
Bank of America: raises $10 billion in October
Merrill Lynch: raises $9.8 billion in July
Goldman Sachs: raises $5.75 billion in September
Citigroup: raises $4.9 billion in April
Wachovia Corp: raises $4.025 billion in April
Lehman Brothers: raises $4 billion in June
State Street Corp: raises $2.8 billion in June
Fannie Mae: raises $2.6 billion in May