"Dividends on the companies' preferred stock are likely to be suspended,
people familiar with the plan say, and those on common shares to be
eliminated. Any injection of capital by the Treasury would likely greatly
reduce or wipe out the value of common shares currently outstanding."
Apparently the Chinese have a large investment in those shares and have
indicated their displeasure if they are not made whole. They have been
quietly been dumping shares on the market so as to not lower chare value
more.