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  • Dividend Cuts: Who's Next? [View article]
    Excellent Points.


    On Mar 05 06:25 PM philipmax wrote:

    > I do agree with you, greedcanbegood, that there is a big difference
    > between investment banking as conducted by Citi and JPMorganChase
    > and plain vanilla banking such as USB and PNC. But the market isn't
    > taking the time to differentiate .
    > I have great faith in the "good banks" but they stood in line to
    > get the TARP and I don't see them refuting the excesses that are
    > attributed to the others.
    >
    > There is no doubt in my mind that the repeal of the Glass-Steagle
    > act in 1997 was the ignition point for this debacle. It took ten
    > more years of unabated greed supported by the total lack of supervision
    > and enforcement to get us here.
    > So, any bank that takes TARP money and reduces its dividend and still
    > reporting large reserves for bad debt, is probably hiding some shenanigans
    > in its balance sheet. And... Yes, the management should bear responsibility,
    > either by resigning or by reducing its bloated pay scales. As to
    > stock options, for what? Pray tell, for what? Why should we the stockholders
    > have to suffer dilution of our equity (be it ever so small) at the
    > expense of mismanagement.? I stand pat with my demands and would
    > like to add that there ought to be some indictments coming soon or
    > there may well be an unwelcome surge in "other" crimes in this country
    > as the population reacts to injustice.
    Mar 09 00:31 am |Rating: +1 0 |Link to Comment
  • Dividend Cuts: Who's Next? [View article]
    I own stock in Wells Fargo, Bank of America and JPMorgan actually. I hate seeing these dividend cuts but realize that they are essential to maintaining capital levels.


    On Mar 05 06:31 AM oceansmike wrote:

    > Mark, 1. Its being pounded lower by Shorts and Naked shorts , and
    > 2. Why are so many short traders so interested in WFC well being,,
    > as a Long I need the Dividend, 3. the shorts have ruined every other
    > Company stock I own,, so the moral of the story are you a Wolf in
    > Sheeps Clothing a News Journalist fronting for one of the Hedge Funds
    > (who every one and his grandmothers Knows is a front for Naked Shorts,,ok
    > said my peace,,Please don't do any more help to WFC ,,Cramer does
    > enough for the financials,,one day you'll have to go back to using
    > a Piggy Bank (or Mattress) ,,Thanks for your Understanding,,.,,Ocea...
    Mar 09 00:29 am |Rating: 0 0 |Link to Comment
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