This is the last one. I feel a bit more comfortable reading the press release. Number 1, no other stock gets a dividend while the Senior Preferred stock is still owned by the government. Number 2, the government can appoint a conservator of the shares. That is a big relief. The one draw back is that the shares are non voting. I am sure that the board of directors don't think that is a draw back.
Ah, nationalizing banks. Ain't it great?
This entry was posted
on Saturday, December 6, 2008
at Saturday, December 06, 2008
. You can follow any responses to this entry through the
comments feed
.
