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tcj

01/11/17 3:33 PM

#377573 RE: whipstick #377568

They didn't pick 79.9% out of a hat.
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obiterdictum

01/12/17 6:01 AM

#377669 RE: whipstick #377568

that's not how it works in the bond world - if you own 50.1% in the first loss position in a remic trust you have to consolidate the entirety of the trust onto your balance sheet. I would be surprised if that was indeed the case as owning 95% of any equity position is far more than substantial but the accounting rules are so stupid that it might be right and 79.9% had to be picked for some reason.

See Post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127807703