Value Investing News

Bank of America (BAC) finally cut their dividend by 50% which saves about $1.4 B per quarter. I've talked a lot on this blog about whether or not BAC will cut their dividend and now they finally have. The credit crisis has obviously got to a point that is much worse than anyone had imagined

• http://themoneygardener.blogspot.com/2008/10/b-of-gets-scissors-out.html (1)