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Tuesday, December 16, 2008

Divdends must be paid!

The Goldman Board, recipients of $10 billion in bailout money from the government, will pay their "normal" dividend this quarter, $0.46.

If anyone talks to you about the 'banking crisis' in America, be sure to laugh out loud at them.

We ought to stop the FDIC guarantee for bank bond issuance, until they stop this nonsense, don't you think?

CEO Blankfein will probably "earn" about $3 million on dividends alone, taxed, of course, at 15%.