Comments on: JPM Slashes Dividend 87% http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 20 Mar 2010 10:08:45 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: dead hobo http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148265 dead hobo Tue, 24 Feb 2009 20:05:10 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148265 The Fed is waking up. Dividends paid by TARP recipients are now officially frowned upon and constitute evidence of mismanagement, according to a memo from the Fed to banks. The Fed is implementing a "Lend or Die" program. Bravo. A few more good ideas like this one and I might have to take back some of the nasty things I may have written about them. Not just yet, though. The Fed is waking up.

Dividends paid by TARP recipients are now officially frowned upon and constitute evidence of mismanagement, according to a memo from the Fed to banks.

The Fed is implementing a “Lend or Die” program.

Bravo. A few more good ideas like this one and I might have to take back some of the nasty things I may have written about them. Not just yet, though.

]]> By: wally http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148120 wally Tue, 24 Feb 2009 13:33:42 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148120 These banks are now all strong and well capitalized; several government agencies have said so (in an unsigned press release). We can now expect return of TARP funds, a retreat by the Fed from support positions and a phase-out of stimulus spending. Right? These banks are now all strong and well capitalized; several government agencies have said so (in an unsigned press release). We can now expect return of TARP funds, a retreat by the Fed from support positions and a phase-out of stimulus spending.

Right?

]]> By: Steve Barry http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148099 Steve Barry Tue, 24 Feb 2009 11:12:19 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148099 Dimon says they'll pass the stress test "with flying colors"...if he's right, he may be the first wall street, bank or insurance CEO that hasn't been blowing smoke up our ass. Look at AIG...Merrill, Bear....all said they were "well capitalized". Auto CEOs seem to be most truthful. Dimon says they’ll pass the stress test “with flying colors”…if he’s right, he may be the first wall street, bank or insurance CEO that hasn’t been blowing smoke up our ass. Look at AIG…Merrill, Bear….all said they were “well capitalized”. Auto CEOs seem to be most truthful.

]]> By: zongren http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148098 zongren Tue, 24 Feb 2009 10:45:54 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148098 So these banks are now being "stress tested". They are public companies which publish audited statements and comply with SEC rules. There are many different bank regulators with thousands of employees. The taxpayers have dished out over a trillion dollars to these insolvent companies over the past 6 months and just now we are going to send out a few dolts to determine if they really need the money and how much. WTF. So these banks are now being “stress tested”. They are public companies which publish audited statements and comply with SEC rules. There are many different bank regulators with thousands of employees. The taxpayers have dished out over a trillion dollars to these insolvent companies over the past 6 months and just now we are going to send out a few dolts to determine if they really need the money and how much. WTF.

]]> By: The Woodsman http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148097 The Woodsman Tue, 24 Feb 2009 10:44:47 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148097 Being a big history buff, I was looking into banking problems of the past here in the USA. Andrew Jackson had some problems with banks during his first term in office. Here's the link. We are living in history so take note! http://en.wikipedia.org/wiki/Andrew_Jackson#Opposition_to_the_National_Bank Being a big history buff, I was looking into banking problems of the past here in the USA. Andrew Jackson had some problems with banks during his first term in office. Here’s the link. We are living in history so take note!

http://en.wikipedia.org/wiki/Andrew_Jackson#Opposition_to_the_National_Bank

]]> By: d4winds http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148096 d4winds Tue, 24 Feb 2009 10:43:42 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148096 "The entire sector should have ceased dividends the instant they started receiving taxpayer dollars . . " Amen. “The entire sector should have ceased dividends the instant they started receiving taxpayer dollars . . ”

Amen.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148092 Mark E Hoffer Tue, 24 Feb 2009 09:21:40 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148092 maybe they're looking to repay the TARP funds ASAFP? maybe they’re looking to repay the TARP funds ASAFP?

]]> By: Greenewabe http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148089 Greenewabe Tue, 24 Feb 2009 07:20:11 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148089 Or even much before that. Or even much before that.

]]> By: jsgarber http://www.ritholtz.com/blog/2009/02/jpm-slashes-dividends/comment-page-1/#comment-148087 jsgarber Tue, 24 Feb 2009 06:47:24 +0000 http://www.ritholtz.com/blog/?p=19980#comment-148087 Talk about putting a band-aid on a gunshot wound. Talk about putting a band-aid on a gunshot wound.

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