Accumulator
Well-known member
Mr. Clean said:
Heh heh, speaking from personal experience
the shareholders have been feeling the pain since long ago; the value of most of these firms has dropped to near-zilch. Anybody who's still/currently invested in them is either desperately hoping for a turn-around or hoping to get in on the rebirth. The shareholders (who didn't get out) got hurt at least as badly as anybody else.Heh heh#2, that's one reason I unloaded certain financials and won't touch the common stock of TARPed firms (short version with apologies to any experts)- generally, the govt. gets preferred dividend rights that supersede those of common shareholders. Not quite the same as interest payments, but it's the same sort of idea; not quite as *good* as being classified as debt either in some ways, as the firms' debt/bond interest takes precedence over the preferred dividends.
The full-disclosure accounting is *supposed* to happen anyhow, and I'd avoid *any* investment where you suspect you're not getting the full/true story.