Jack
2009-03-03 20:31:57
Suspending dividends arbutrarily is a bad idea, but based on what “dontreadonme” said I’d say that the drive to provide dividends is a short term incentive that is not always a good indicator of long term gains (i.e. it can be a lure) so I’d not want to rely on that alone. Let the lender fail, prop up the borrower where it makes sense. The borower may be dumb, but the lender needs to learn to be accountable.
Jack
