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B. of A. to pay $713 mln in TARP dividend

Sooner or late, it will be sold. I suppose!

keepnosecrets      ( Date: 06-Jul-2009 08:59) Posted: Then I pray GIC sells off Citi.

 

Then I pray GIC sells off Citi.

 

they don't have Citi sharse, GIC has.... :)

keepnosecrets      ( Date: 06-Jul-2009 08:31) Posted: I hope Tamasic also sell off their CITI Grp shares.  The shares has been dropping from US$4.20 to US$2.88. Siong man! nickyng      ( Date: 03-Jul-2009 16:42) Posted: wow.....BOFA so fast make so much liao meh? can afford to pay 700m back to US govt? hmm...Temasek seems foolish to cut loss so fast hor? else will get some dividends or somethg rite? :P   SAN FRANCISCO (MarketWatch) -- Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 12.64, -0.41, -3.14%) said Thursday its board approved about $713 million in dividend payments to the government under the Troubled Asset Relief Program. The dividend payment is related to $15 billion in government funds that Bank of America received from the Capital Purchase Program, which is part of TARP.

 

I hope Tamasic also sell off their CITI Grp shares.  The shares has been dropping from US$4.20 to US$2.88. Siong man!

nickyng      ( Date: 03-Jul-2009 16:42) Posted: wow.....BOFA so fast make so much liao meh? can afford to pay 700m back to US govt? hmm...Temasek seems foolish to cut loss so fast hor? else will get some dividends or somethg rite? :P   SAN FRANCISCO (MarketWatch) -- Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 12.64, -0.41, -3.14%) said Thursday its board approved about $713 million in dividend payments to the government under the Troubled Asset Relief Program. The dividend payment is related to $15 billion in government funds that Bank of America received from the Capital Purchase Program, which is part of TARP.

 

Just a short term sweet bait for mid to long term fund raising purposes! (CAVEAT EMPTOR)

nickyng      ( Date: 03-Jul-2009 16:42) Posted: wow.....BOFA so fast make so much liao meh? can afford to pay 700m back to US govt? hmm...Temasek seems foolish to cut loss so fast hor? else will get some dividends or somethg rite? :P   SAN FRANCISCO (MarketWatch) -- Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 12.64, -0.41, -3.14%) said Thursday its board approved about $713 million in dividend payments to the government under the Troubled Asset Relief Program. The dividend payment is related to $15 billion in government funds that Bank of America received from the Capital Purchase Program, which is part of TARP.

 

well...get the short term profit now then dump lah! dumping price still way better than earlier....wat's the hurry ?!??! :P

Hulumas      ( Date: 03-Jul-2009 16:47) Posted: Short term profit does not mean long term potential paper/realization gain! nickyng      ( Date: 03-Jul-2009 16:42) Posted: wow.....BOFA so fast make so much liao meh? can afford to pay 700m back to US govt? hmm...Temasek seems foolish to cut loss so fast hor? else will get some dividends or somethg rite? :P   SAN FRANCISCO (MarketWatch) -- Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 12.64, -0.41, -3.14%) said Thursday its board approved about $713 million in dividend payments to the government under the Troubled Asset Relief Program. The dividend payment is related to $15 billion in government funds that Bank of America received from the Capital Purchase Program, which is part of TARP.

 

Short term profit does not mean long term potential paper/realization gain!

nickyng      ( Date: 03-Jul-2009 16:42) Posted: wow.....BOFA so fast make so much liao meh? can afford to pay 700m back to US govt? hmm...Temasek seems foolish to cut loss so fast hor? else will get some dividends or somethg rite? :P   SAN FRANCISCO (MarketWatch) -- Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 12.64, -0.41, -3.14%) said Thursday its board approved about $713 million in dividend payments to the government under the Troubled Asset Relief Program. The dividend payment is related to $15 billion in government funds that Bank of America received from the Capital Purchase Program, which is part of TARP.

 

wow.....BOFA so fast make so much liao meh? can afford to pay 700m back to US govt? hmm...Temasek seems foolish to cut loss so fast hor? else will get some dividends or somethg rite? :P


 

SAN FRANCISCO (MarketWatch) -- Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 12.64, -0.41, -3.14%) said Thursday its board approved about $713 million in dividend payments to the government under the Troubled Asset Relief Program. The dividend payment is related to $15 billion in government funds that Bank of America received from the Capital Purchase Program, which is part of TARP.