Litigation

You Can Bank On It

By John Darer

AGORA Financial reports today that "Bank of America, JPMorgan Chase, Citigroup and the rest of the crew are starting to cash in their government bailout checks. And in a ?you gotta be kidding me? moment, we find out that they aren?t using all of that money to repair bad assets or offer more loans. Instead, these banks are continuing their dividend payments, which otherwise would probably have been cut.

?Wells Fargo, one of the few banks to swim through this mess with little problems, is using $4.4 billion of its $25 billion bailout to hand over to shareholders. Not loosen the credit market, not invest in small businesses or financially sound homeowner hopefuls… Nope, to keep their
 shareholders?

I guess those prepaid sales conferences don't look so bad now do they?

Full post as published by Structured Settlements 4Real on November 03, 2008 (boomark / email).