Mark Riddix

Financials Getting Slaughtered

Good point. Greenspan was a big believer in unregulated free markets and now he wants temporary bank nationalization. Some people blame his "easy money" policy for the crisis.


On Feb 18 10:57 AM Dr.Jackpot wrote:

> Someone wrote this morning that Alan Greenspan favored nationalization
> of banks. Wasn't he the whole cause of this ripoff in the first place?
> Is there no justice called for here?

Financials Getting Slaughtered

That is the difficult part, trying to determine which of the financial companies stocks will have any value 3 to 5 years from now.


On Feb 18 08:39 AM Jim Hawthorne wrote:

> Yes, the financials are getting slaughtered. Yes, many of these equities
> are trading at or near their 52 week lows. Yes, many of these are
> facing the delightful choice of insolvency or nationalization.<br...
>
> Are any of them really 'cheap'? When you're buying a deck chair on
> the Titanic, is any price 'cheap'?

22 Companies with Dividends on Death Row

I agree that most of the companies on this list are in danger of cutting their dividend. I don't think AT&T will cut their dividend. They just raised their dividend in December and have been rapidly cutting costs.