Prefered vs. Common (buy, tax, money, financial)

[freedom]

So the US Gov't (us taxpayers)

Bailout Citi bank.....

But we don't get the Royal Preferred Stock position, we get the Surf (common) position, meaning no dividends and second in line when the behemoth takes a tumble into ZERO equity.

Which takes us to the whole PREFERRED vs. COMMON garbage that the American investor has put up with far too long.

Stock should be stock. Risk and position should be equal .

This preferred garbage just makes me want the whole thing to go down the sewer, so everyone is on a equal risk position.

So even in a bailout scenario the Doinks that we put in place to watch after us sheeple, end up giving us the shaft by placing our future taxed earnings in the so called COMMON stock position....

Pull your money out of this rigged jealopy of an excuse for investment and let the Royalty of Preferred's go over the cliff on the road to no where...

[NJ Chutzpah]

Well you do have to pay more for preferred stock

but you are right if the Gov't is gonna buy a corp, it should be preferred

[evilnewbie]

Its in common stock which means when it goes belly up... taxpayers would LOSE some of that money if there isn't enough to cover everyone... preferred shareholders get "first dibs" on the money left before common shareholders and so Obama (and his financial advisors) have deliberately set it up so that tax payers LOSE money on this... thanks for wasting money.. expect the same for BoA...

[freedom]

Originally Posted by NJ Chutzpah

Well you do have to pay more for preferred stock

but you are right if the Gov't is gonna buy a corp, it should be preferred

I believe that preferred is not available to everyone.

Elite vs. commoners.... = corruption