I forwarded this good list on to a trading group to which I belong, but with the same warning to do one's own research. But this is a good list from which to start if we are looking for dividends. I own PCU, and am very happy about that fact as they paid the usual dividend even though their earnings were down this quarter. I don't know why they did that, but it made me happy!
Banking Sector: Band-Aids Just Won't Do It [View article]
The way I see it is this: If I loan a lot of people money, and have to borrow money to loan it out, then I stand the chance of losing everything I have. And that's the choice I make. If they don't pay me back, then I'm out of business. And so people will have to get loans from someone else. Perhaps that next person will be more careful with loaning out money. In the meantime, I should be able to take strong measures to retrieve as much money as possible from those who defaulted on their loans. And if I tricked them into taking loans that they couldn't really afford, then we both lose, but ultimately it is up to everyone to know the details and risks of any contract they sign.
Now I still owe money to those to whom I borrowed money. And it's too bad for them too, since I can't pay them. So, they lose too, and perhaps they will make the next person who wants to use their money to make loans to others go through a much more stringent examination of how they plan to make loans.
So, those people who took out loans they couldn't afford, whether it be individuals or banks, and for those who loaned out money, whether it be the banks and the stockholders of the banks, or the government, it's just too bad for them. They should feel the pain of irresponsibility. And since the government is you and me, then we need to make our representatives know how we feel about this. I write mine a lot about many issues. I don't know if it does any good or not, but I try. My district just got through kicking out one of the bums 2 years ago. And we'll do it again if needed.
Financial Stocks Trading Near Book Value [View article]
I hope Stephen Rosenman is correct! I'd love to see GS pick up the pieces and lose competition. Thinning the herd. It seems that there are way too many people trying to make a living acting like they manage funds anyway.
The Coming Battle Over BofA-Countrywide [View article]
I'm just happy that GS made 12.75 million to give an opinion. Seems like a lot, but I hope it adds to "their" profits! By law, I think GS is supposed to do what is best for GS stockholders, and I suppose if Countrywide is dumb enough to ask a company's opinion that might have a conflict of interest, then maybe they do need to be bought, and have management burned at the stake, or at least fired.
Wachovia: Optimism Is Encouraging for Shareholders [View article]
Oh, and I do hope you are right about WB. I also figured that they wanted to be honest with their report, write off all losses and get on with business. 2008 looks good for WB now, IMHO.
Top Global Dividend Stocks [View article]
Banking Sector: Band-Aids Just Won't Do It [View article]
Now I still owe money to those to whom I borrowed money. And it's too bad for them too, since I can't pay them. So, they lose too, and perhaps they will make the next person who wants to use their money to make loans to others go through a much more stringent examination of how they plan to make loans.
So, those people who took out loans they couldn't afford, whether it be individuals or banks, and for those who loaned out money, whether it be the banks and the stockholders of the banks, or the government, it's just too bad for them. They should feel the pain of irresponsibility. And since the government is you and me, then we need to make our representatives know how we feel about this. I write mine a lot about many issues. I don't know if it does any good or not, but I try. My district just got through kicking out one of the bums 2 years ago. And we'll do it again if needed.
Financial Stocks Trading Near Book Value [View article]
The Coming Battle Over BofA-Countrywide [View article]
Wachovia: Optimism Is Encouraging for Shareholders [View article]
Wachovia: Optimism Is Encouraging for Shareholders [View article]
Large Banks: The Worst Is Yet To Come [View article]