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To: Keith Feral who wrote (33688)	3/2/2009 7:43:21 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78687

"Every bank except for BBT and WFC has cut their divvy." You are of course referring to banks domiciled and primarily doing business in the USA. Your statement of dividend cuts is not valid for several/most(?) banks doing business primarily in Latin America. That is an area where I am betting on the banks.

To: Keith Feral who wrote (33688)	3/2/2009 10:13:06 PM
From: Madharry	Respond to of 78687

my point was not that they cut the dividend but that they screwed shareholder to do it while continuing to pay senior managment bonuses and incentives. Lot of people owned bank shares because the dividend was considered sacred. It banks are going to willy nilly cut their dividend when may be they dont have to as in the case of jpm. why own shares at all? how are you going to get paid as a shareholder? Why didnt the BOD make the dividend payment in the form of a stock dividend?