Why is a bank that received $25 billion in government funds issuing a dividend to preferred shareholders whose shares would be worthless were Wells Fargo not bailed out?
That $3 billion in profit should go straight into the U.S. Treasury, no questions asked.
I mean, am I right, people? Huh? Huh?
Let's all march on Capitol Hill next Tuesday!
(meet at the Quizno's on Pennsylvania Avenue first for sandwiches first)
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1 comment:
Absolutely true. They just can't do fucking anything right.
Or maybe they just want to drive up their stock price in the long run, by assuring stockholders they will continue to be stupid to their benefit until the last deck chair is heaved off into the sea.
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