ST Alpha - "apparently, the fine print in the $250 billion bank re-cap effectively ends dividends for those banks who take the money...." (Reading a Post)

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apparently, the fine print in the $250 billion bank re-cap effectively ends dividends for those banks who take the money....

Posted by x (aka dmuck) Oct 24 '08, 06:03

there was some discussion of this the other day since it looked like banks could still pay dividends here. but apparently that's not the case if they tale this re-cap money--any funds taken need to be paid back before they can give anything to shareholders, which is as it should be

Responses:

well, that's a relief -- nm - znufrii wants pie Oct 24, 06:10
[deleted] 3
- stocks are dropping today regardless -- nm - ty97 Oct 24, 06:24 1
  - [deleted]
- according chris whalen of institutional risk analytics, it's already in there in the fine print of the original agreement....nm - x Oct 24, 06:09

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apparently, the fine print in the $250 billion bank re-cap effectively ends dividends for those banks who take the money....

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