Agree; a good article, and one that focuses on the need to let some of these companies go bankrupt, as painful as that may be for some. One thing I disagree with: it's not "taxpayer money" going to Bank of America. Our economy remains afloat due to bankers in the Far East still willing to buy our government debt. Those who have "protectionist notions" about supposedly saving American jobs should realize that, like it or not, USA is joined at the hip now with China, Korea, Taiwan, Singapore, etc.
I think the title of this post is misleading. TARP is not bad for dividend investors as a whole; just for those who may hold the named financial stocks. I do agree that financial companies getting taxpayer aid should not be paying out those taxpayer dollars in the form of dividends. However, there is a vast universe of other companies that are paying good dividends. I particularly, with appropriate caution, like some of the energy companies.
Obama's Gloomy Bailout Inheritance [View article]
TARP Is Bad for Dividend Investors [View article]