Congress Made the Bank Bailouts Work for Taxpayers [View article]
Old Trader - Unfortunately, the government continues to get its pound of flesh through the most recently passed and in process legislation with regard to the financial services industry.
Amen Reverend! True enough, they've slipped past many of the pitfalls in the markets these past 2 years. I think they deserve some kudos. Very little sub-prime, not too leveraged on CDS (though we don't know for sure) and pretty steady performance.
U.S. Bank Shares: Pump Almost Over, Get Ready for the Dump [View article]
I’m with Joshua on this one…”borderline reckless”…
Why in the world would a shareholder EVER want the company he/she invests in to be at the whim and wish of the government? There is no contradiction here. If you believe the stress tests (another issue entirely) those companies don’t need additional capital. In many respects, they are raising new capital simply to replace that which the government gave them under TARP.
I don’t have a lot of USB in my portfolio but if they need to dilute my shares in the short term to pay back the TARP (and all its strings) then so be it. If you’re a dividend investor it might not be such a good deal but I’m not. I’m in it for growth and value and USB is among the better financials in that regard for the long term.
Congress Made the Bank Bailouts Work for Taxpayers [View article]
U.S. Bancorp: 'Best Bank in U.S.'? [View article]
Repaying TARP and the Myth Behind 'Taxpayer' Money [View article]
U.S. Bank Shares: Pump Almost Over, Get Ready for the Dump [View article]
Why in the world would a shareholder EVER want the company he/she invests in to be at the whim and wish of the government? There is no contradiction here. If you believe the stress tests (another issue entirely) those companies don’t need additional capital. In many respects, they are raising new capital simply to replace that which the government gave them under TARP.
I don’t have a lot of USB in my portfolio but if they need to dilute my shares in the short term to pay back the TARP (and all its strings) then so be it. If you’re a dividend investor it might not be such a good deal but I’m not. I’m in it for growth and value and USB is among the better financials in that regard for the long term.