NYT: Banks poised for dividends after 3-year gap - Business - The New York Times - msnbc.com

Banks on a role. Amazing what trillions of dollars in bailout money will do to get you through a recession. Our government and citizens do not have the will to hold the banks accountable for their law breaking activity, regardless of the damage they have inflicted on the country.

New York Times Story paying dividends again. 
NYT: Banks poised for dividends after 3-year gap - Business - The New York Times - msnbc.com:
 "Investors in bank stocks are about to get a big cut of the profits again. Financial analysts say the nation’s largest banks are ready to begin restoring their dividends in the first half of the year, after a three-year pause to repair their damaged balance sheets. The reversal could put billions of dollars in the pockets of pension funds and retirees who had viewed bank shares as dependable sources of income. Clues to how big a payout is in store could come as early as Friday, when JPMorgan Chase announces its 2010 financial performance, the first of many earnings reports to come over the next week from the likes of Bank of America, Citigroup, Goldman Sachs and Wells Fargo."

More issues on securitization for the banks

More on bank issues explained here at Naked Capitalism.  This is yet another confirmation that this problem runs far and deep with the banks. 


You can read more about the idea of non-securitized notes here also where I discuss the implications of not transferring notes properly and the massive cost that will be incurred by whoever is found to be responsible for all of the the debt that is no longer secured by collateral as was presumed.