After a 3-year hiatus, banks, plumped up by big profits thanks to a dizzying array of federal aid programs, are ready to stay paying dividends again to investors. Before they can be restored, the government will conduct a round of secret "stress tests" to evaluate the banks' financial health. If all goes well, individual investors who had seen their dividends slashed to pennies, could start once again supping from the income stream.
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The dividends are a trick to convince all of us to buy their worthless stocks again. then they will dump them - again, only this time it will be bigger most likely.
ReplyDeleteI do not trust the stock market or the elitist bankers