Wells Fargo & Co. may be looking to pay back the $25 billion in federal bailout money it received last fall ahead of schedule, as the rules imposed on financial institutions that accepted funds turn increasingly austere, industry analysts say. Chief Executive Officer John Stumpf signaled the possibility last week, when the San Francisco bank announced it was cutting its common stock dividend by 85 percent. |
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.