BS Award

Let me see if I understand. The taxpayers give a $125 billion bailout to major banks because they are short of cash and need the money to recapitalize. But the banks will be allowed to pay their shareholders dividends this next year, which if paid at current levels will redirect more than $25 billion of the $125 billion to shareholders. And the officers and directors of the banks may receive $250 million in dividends. See New York Times, This Bailout Doesn’t Pay Dividends.

This BS, pure and simple. Businesses that receive government bailouts should be required to suspend dividends until the taxpayers are repaid with interest.