1. Many large banks issued billions of dollars of trust preferred stock until the financial crisis of 2008. Why did banks more so than, say, manufacturing firms, appear to like trust preferred stock...

1. Many large banks issued billions of dollars of trust preferred stock until the financial crisis of 2008. Why did banks more so than, say, manufacturing firms, appear to like trust preferred stock as a source of capital?

2. What is trust preferred stock? What advantages did it have over traditional preferred stock?

 3. What are constructive dividends? Do you think constructive dividends are more likely to occur in large publicly traded corporations or small privately held corporations? Why?