Fed's Dividends Decision Helps Shareholders, Might Hurt Taxpayers

The New York Times:

Four groups of people were directly affected by the Federal Reserve's decision late last week to allow major banks to increase their dividends and to buy back shares. Bankers, bank shareholders and government officials were somewhere between happy and delighted.

Read the whole story: The New York Times

Comments

[irochfpst]

07:43 PM on 03/28/2011

its all about them isn't it. screw the little guy. if you are in the market, all you are doing is making life better for these guys. you, on the other hand , have no guarantee, you will wind up with any retirement savings. have fun.

[blueken]

03:03 PM on 03/28/2011

Wall Street and the big banks take advantage of us because they have superior knowledge and access to Washington. I have noticed that the best performer in my portfolio is the Rising Dividend Fund. I thought it was because corporations in general are sitting on a ton of cash and want to buy outstanding stock.

[guveqzero]

01:22 PM on 03/27/2011

Business first, people second. That is their priority. They have it wrong and get away with it.

[4 EYES]

11:11 AM on 03/28/2011

People don't even make the list...Business is first, second and third...LOL....8-)

[schatsie]

12:19 PM on 03/27/2011

That letter made it into the Financial Times because NOBODY here would allow it to be published....we have the worst propaganda machine since Goebels here.....Sign up for the Financial Times to get the REAL NEWs......

[kwhitney333]

11:23 AM on 03/27/2011

I am so happy that the bankers are happy again, now I can finally sleep at night....while I dream of how I will save our house....but at least the bankers are happy!

[nanimal]

10:58 PM on 03/26/2011

"Bankers, bank shareholders and government officials were somewhere between happy and delighted." Our first clue that it was a horrible decision.

[Clevelandinwi]

09:51 PM on 03/26/2011

kudlow had it right - this is more important than life itself. That's the problem.

[Clevelandinwi]

09:50 PM on 03/26/2011

The NYSE should be dismantled completely. It does not work.

[Clevelandinwi]

09:49 PM on 03/26/2011

YA THINK !

[spkninglsh]

01:52 PM on 03/26/2011

So happy that they are looking out for the shareholders this time! ~snarky mcsnarkster

[schatsie]

12:13 PM on 03/27/2011

They are buying off the shareholders who are ready to sue them under Sarbanes Oxley......they are no better than Madoff....

[GenXer]

12:20 PM on 03/26/2011

Way to have your cake and eat it too. Socialize the losses and privatize the gains.

[kamact]

11:28 AM on 03/26/2011

State-sponsored financial terrorists continue to inflict more damage on Americans than any other terrorist group could ever do,...and this threat should be eliminated

[Captain Hindsight]

11:20 AM on 03/26/2011

Anything the FED does hurts taxpayers.

[doodlebug2]

10:02 AM on 03/26/2011

I have shares and am a taxpayer.....hmmmm

[nanimal]

11:00 PM on 03/26/2011

Maybe you will break even but I am pretty sure you won't be making any money on the deal.

[bola47]

07:54 AM on 03/26/2011

this administration is a big disappointment. we did however get change you can believe in, more robbing from the poor to pay the rich.