Financial Stocks Cut Dividends...

  and in fact, no financial stock should even have a dividend if the company got any of the bailout cash. But as we all know, that ain't how it is going.

    Those cutting their dividend are Bank of America (BAC), Marshall & Ilsley (MI) and XL Capital (XL).

   BofA is cutting theirs some 96.88%, Marshall & IIsley will be 96.88% less, and XL Capital will be 50% smaller.       Source

   There is a bit if good news as a few companies are increasing their dividends a little bit. None are in finance though. No surprise there.

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