Saturday, December 8, 2012

The Moneyed Crowd Will Benefit From The Taxpayer Bailout
'Dickie' Guggenheim still lives off the bank dividends
















The Fabulous Guggenheims








 
The Bailout Farce
The $700 billion figure is just a starting point, it will run into trillions.

 




So What About The Banks?
Will the incompetents be fired? No they won't, but they will continue to receive  their million dollar bonuses.
 




Dividends On Preferred Stock
When a bank is started the original owners issue preferred stock, and with it comes a hefty dividend. The Benjamin Gold trust may have only paid $10 a share, and over the years the dividend appreciation could be $5 a share.
The dividend on preferred is always paid, while common stock could eliminate the dividend.
 



33 Banks Get $163 Billion
Half of that sum would go toward paying off shareholders over the next three years. The Bush administration touted the bank bailout as necessary to resume lending. But Treasury officials say the banks would never accepted loans if they weren’t allowed to redistribute dividends to shareholders. 5
The Morgensteins of the South Hamptons contend they provided a great service, and shouldn't be penalized for poor market conditions.
 



Chuck Schumer Is A Crusader
Democratic Senator Charles Schumer of New York is calling for the suspension of dividend payments at bailed-out banks.
These are the type of people you can trust! If Chuck says he will crack down on fellow Zionists, that is written in stone.
 




Benjamin Guggenheim
Benjamin is said to be the bravest soul on the Titanic. It was said this multimillionaire gave his lifeboat seat to a maid. Jakob Astor was also a hero.
   
   
   
 

Half of Bank Bailout Money Going to Shareholders

Meanwhile, the Washington Post reports major US banks are on pace to spend more than half their bailout money on rewarding their shareholders. The thirty-three banks are set to receive some $163 billion in government bailouts.


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