Obama and Geithner will be converting the government's (taxpayers) recently acquired preferred bank shares to common stocks. I know when they are converted the banks will not have to pay dividends. Like Clint Eastwood in Dirty Harry I believe..."a man has to know his limitations". While I am strongly suspicious, I don't know enough about the banking industry to comment with any authority, whether this is a sinister power play or a good thing for the country.

Could one of the TOTV banking or financial wizards explain in layman's terms what is about to happen regarding the conversion and is it a good for America.

Kahuna, haven't heard from you in a while. This one clearly falls into your area of expertise. Your professional viewpoint would carry significant weight and credibility. I, for one, would sincerely appreciate a straightforward, no spin, no frills explanation from anyone who understands the implications of what is about to happen regarding the conversion.