Rights issue what a scam the banks are taking shareholders money do you think?

Question

Rights issue what a scam the banks are taking shareholders money do you think?

Answer 1

Isn't that the definition of shareholder?  Giving them your money to do with what they think is right?

Unless you have 51% of the controlling stock, then you don't have any say in the matter.

Answer 2

Unfortunately the banks invested so much money in the dodgy American property market and to banks there that they have lost a fortune.

They need to raise capital from somewhere and it is the shareholders responsibility to help this happen.

The problem is that people with shares expected that they would always be a safe and secure bet making money year after year. It doesn't happen that way I'm afraid and shares can lose value as well as gain.

If you don't accept this risk you shouldn't be a shareholder in the first place.