cabanker

JPMorgan (JPM) slashes dividend to $0.05 from $0.38. "Our action today is being done as a strong precautionary measure to help ensure that our fortress balance sheet remains intact - even if conditions worsen significantly." Says Q1 so far is in-line. Shares -1.8% AH. (PR)

The save from the dividend could pay for a nice sized acquisition, given the imploding market caps......

In Praise of Suze Orman

Her asset allocation strategy and "you can't time the market" philosophy has left anyone who followed her advice in deep peril. You'd be far better off in the long term by putting your investible funds in the Bank.
Sorry, I can't buy into the justification that her appeal is for middle income, women who can't think for themselves. Time to wake up.

WaMu on the Brink

Harrison must be short. This web site is about nothing more than "talking your stock". Do a little more research next time.

The WaMu Mess: No Surprise Here

Just so I'm clear; is this the same Vernon Hill from Commerce Bank who had his wife, son in law and other relatives on the payroll as contractors in the Bank's real estate development program? I'd love to see the P & L on those $5 million+ branches. I'm assuming break even will come before the turn of the next century......

WaMu to IndyMac Customers: Your Money's No Good Here

I can't believe that Vernon Hill is allowed to opine/comment on banking and finance issues after his track record at Commerce....