``The government will purchase perpectual preferred shares in all the
largest U.S. banking companies. The shares will notbe dilutive to
current shareholders, a concern to banking chie executives, because
perpetual preferred stock holders are paid a dividend, not a portion
of earnings.''

By the way, the numerous typos are not mine.

Excuse me?

Adding perpetual "holders" who are paid dividends is dilutive by
definition.

You noticed that G

The orwellian language

I wonder why these clowns are tip toeing around shareholders who have
seen
their equity cut at least in half?
You wouldn't care much about dilution as long as it's Daddy Warbucks
doing
the diluting. It would seem pretty good, especially if the common stock
rebounded.

Except for creating a two tier banking system. Plus, some banks such
as Well Fargo, always had great underwriting standards and did not ask
to be rescued.

What I see going on, is suggestive of a lot of noise, but the actions
leave me perplexed.

I don't think this bunch get's it. All they really needed to do was make a
convincing case that they wouldn't let the former head of Goldman ( our
Mr.
Paulson) do again what he did ro his former competitor - Lehman. I suppose
an equity position would signal that. The Europeans have really showed us
up
an this one.
The center of gravity looks to be shifting as far as I'm concerned.
What a bunch of hose nozzles. It's to bad we can't innaugarate a new
administration a week after the election.
Can you imagine? Even with trillions of dollars at their disposal they
haven't been able to get the job done.
Talk about lacking a plan...........

JC


Man!, you need to give those guys a break. Your standards are ridiculously
high. Here we are in a situation that no one has ever been in before.
Today's problems are nothing like those in 1929. They're actually worse and
more complicated. The Bush administration's people working on this are doing
a very good job actually considering the difficulty of the problems. I never
say anything good about this administration but for the first time I think
they are doing a good job. The problems we are facing are monumental. No one
has any idea exactly how to solve them and so they are having to learn as
they go. It's true that the initial plan wasn't the best but to their credit
they have continued to modify them and are moving forward in a way to do
what is needed. The fact that they have not known from day one what to do or
have had a perfect plan to simply apply when needed just demonstrates that
they are in uncharted waters. Geez, there are so many problems and they are
so tough to fix yet you seem to think they should be able to just snap their
fingers and have them all solved. Right! I agree that the Europeans have
come up with better ideas than ours so far but I'll wager we will copy them
if their plans are really better. Given the depth of our problems I think
the effort by the government has been quite good. It's not perfect but name
one time it ever was. After your comments I sure wouldn't have wanted to
work for you guys. Talk about harsh task masters. Picky, picky, picky.

Hawke