From Pine View Farm

Unwell Fargo 0

It’s about time.

Calling it a “very difficult decision,” Wells Fargo & Co. on Friday slashed its quarterly dividend 85%, to 5 cents a share from 34 cents, in an effort to save $5 billion and help the company pay back the government’s recent investment in the firm.

Companies that are drowning who pretend they are still healthy by paying normal dividends act like fools.

No, wait.

Companies that pretend they are growing by selling boxes of air act like fools.

No, wait.

Wall Street bankers act like selfish gits.

There. Got it right.

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