What is right with this picture?
Ok, $700 billion bailout and look at this Bank of America announcement. They only earn 15c per share yet they are paying a dividend of 32c per share. They have the nerve to imply that some how reducing the dividend is adding capital.
Reducing the dividend is mere reducing the bleed.
Unbelievable that tax payers got saddled with $700 billion and it did not required a halt on all financial dividend payments until tax payers are paid back.
Congressmen's phones should be ringing off the hook about this one. This is worse then theft.