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Can you make an argument that they are not equity but debt?
Can you also make an argument that the equity has been overpaid?
Learn something new everyday, now you say push down accounting is the consolidation guidance. Push down consolidation guidance at 95% according to K.
These questions are fun to answer for you but it’s quite irrelevant since the debt has been paid off in full.
1. You can’t find it. It’s not push down accounting as you mentioned before. So according to you consolidation rules are set at 95%. Do you understand how ridiculous you sound?
2. They were able to do it because it was related to TARP and their effective control was short. We are over a decade with GSEs government effective control. Apple to orange comparison.
Stickied above
Broken record. Go to the preferred board and live in alternative reality there. What your suggesting doesn’t make sense. How can you raise cash when you wipe out commons. Who will buy it?. GSEs paid back over 300 billion on debt under 200 billion. Do the math.
Hindes letter from commander post stickied this morning. You can’t raise cash if you wipe out the commons. Why would anyone buy it or hold new ones knowing they will eventually get wiped out even if you pay them more than owed. Worst than Russia or China.
Sticky
Again, it’s not obit or the plaintiffs, but yours, Bradford’s and mang’s interpretations that is dubious
Push down accounting has nothing to do with consolidation. It has to do with updating purchase cost instead of historical cost. Consolidation rule still stands at 80%.
Nice try K.
“Under new guidance in effect since late 2014, FASB has eliminated the percentage ownership rule. This means companies have the option to use pushdown accounting regardless of the size of their ownership stake.”
Send your letter to 60 minutes or frontline
Pretty much
One key word there is 80%. We can agree to disagree about other matters.
That is just a conjecture of yours. Govt has had effective control far beyond transitory or temporary at this point. The effective control of AIG since TARP was not very long. You are comparing an apple to an orange. Consolidation threshold is not 90%. It’s 80%.
Broken record, can’t challenge something that doesn’t exist.
Thanks for the conversion order dream of Bradford. Sorry there are no challenges in court yet.
There is an important distinction between AIG and the GSEs. AIG was relatively temporary. There is no 95% consolation rule. It is still 80%.
I don’t have an issue with them. It’s your interpretation that I believe is way off.
Aren’t you completely disregarding what has already been paid to treasury on your conversion calculation. It is possible and likely that a conversion after consideration of principal payment would be negligible. It is all about the interpretations of the potential outcomes. Dilution of common to zero is unlikely. Another possibility is complete write down of senior preferreds since principal has already been paid back.
1 of 2, what is the other?
These guys still believe in the 18th amendment, Capones favorite part of the beloved constitution. Santa Claus is not real. Ridiculousness can go on for a very long time. Maybe your great grandkids can ask for reparations.
It’s been happening throughout history. The difference here is that you are personally affected by it. Wake up!
Welcome to the land of the free n the home of the brave.
Wasn’t the wisest move to sell at $.35, you want to buy low sell high, not the other way around
Think, tax harvesting over
Looking forward to feb opening brief in collins case. not too interested in GSE being defendants with lamberth limiting as much as he possibly can. Damages limited to a couple billion is a joke.
Loaded up last week on the way down. Tax loss selling is over. Wanted a bit more at .35 cents but …
Thank you sir, appreciate it.
Looking forward to your January update of this calendar.
Habeas corpus Guantanamo
Two years has been going on for several years now. No luck no cry.
If he really wanted to do something he would have. It never stopped him before. You will buy all the snake oil that he is willing to sell.
The stock price is leaning that the case won’t be taken.
Confirmation bias is huge on this board. It’s like people live in an alternate utopian universe.
The penalties are much less than the fraud earnings. There is no incentive for them to stop.
Ridealong was right all along.
It’s in a free fall now, nothing holding it up.
Don’t know how Canada, western Europe and Japan have done it for so long. They are going for a more equitable society. As it stands, if you’ve got a govt job you can be set, but if you work for Walmart or Amazon, no guarantees for you and your retirement benefits are practically nil, meanwhile the ceos get hundreds of multiples over the avg wage. Marx wrote about the current blue collar revolution.
Ya, it’s only been 14 years. it’s still in the early innings.
Ya, let’s wait 1 century.
New lows fmcc, broke 40 cents
I love the do as I say, not what I do guys.