wachovia reports record loss of 8.9 billion, page-5

other articles on wachovia mention a cut in divs from 37c to 5c, saving $700m.

you have to assume similar cuts to divs here - maybe not to that extent, but considering the lack of funding present currently, companies will be looking to hold onto as much cash as they can - folks can kiss their yields goodbye.

p.s. does anyone have info on the cuts to divs the aust banks handed down in 1990, 1991 etc.
i understand WBC slashed their divs enormously.