@mapgirl: at least you aren’t affected owning Berkshire, since they have BAC preferred shares and guaranteed 10% div.

i think the govt forcing these ridiculous div reductions to 1cent is very bad, because it just hurts the regular share holder. people in their calls for not helping shareholders seem to forget that there are lots of normal people who own common stock and we are the ones who lose out.

i guess the only offset is to continue buying more shares at the lower prices. I’ve been doing this with BAC and C but I’m thinking of just dumping everything, cutting my losses and putting some other bank, but which one is the real question. i guess at this point, i’m in the might as well hold and see if things turn around point, although unless C gets more propping, share prices are going to go under $3, and the prospect of increased earnings breaking the company up does not bode well for any good return and given the govt’s forced reduction of C dividend, there doesn’t seem to be any reason to continue holding C stock. i just don’t get what the govt intends by all this, because it is effectively forcing people, to include institutional shares, to dump the stock. Given how C went, BAC appears to be following in the same footsteps.