10.10.2009

OK, but this means we can foreclose, right?

In a sign that more banks are under great pressure from the recession, 34 financial institutions did not pay their quarterly dividends in August to the Treasury on funds obtained under the Troubled Asset Relief Fund (TARP)....

"The banks are not paying their dividends because they are worried about preserving capital," says Eric Fitzwater, associate director of research at SNL Financial.

link: 34 banks don't pay their quarterly TARP dividends - USATODAY.com


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