I agree, that the banks shouldn't be paying a dividend, at this point in time. When you are receiving "assistance" from the government, it doesn't look good, passing it through to just the banking sector. This is preferential treatment... Taxes will increase for investors in every sector, to pay for this, so investors in the banking sector should not be the only beneficairy of a "pass-thru" dividend.
"What it means is that we are now, in all probability, looking at tough times reminiscent of the early 1980's, not at tough times reminiscent of the early 1930's. Did the early 1980's suck? Oh yeah."
Hmm... I'm getting 3.3% on a large CD. I had a small CD, back then... It was 11.5% on a 6 month maturity. I will never for get that... 11.5%. :-)
Is It Safe? [View article]
Is It Safe? [View article]
Hmm... I'm getting 3.3% on a large CD. I had a small CD, back then... It was 11.5% on a 6 month maturity. I will never for get that... 11.5%. :-)