Oh, and regarding the Canadian Banks and Insurers, Dividend Cuts are a lock. If they are raising money at 9.5% to look stronger dividend cuts are a foregone conclusion. This occured to me this morning!
%9.5? Prefereds where just issued for %6.25.
Anyone see TD Banks new notes announcement?
Long and short - issuing notes worth 9.523% per YEAR at least until 2019....
that is insane returns. I would love to get in on those!