Bullshit LA...
Let's take your 40 billion number
40 billion /5 billion = $8 per share holding co.
168,000,000 x $8 precieved value = 1.344 Billion
.0001 par value $16,800 taxable value ... Tax shelter.
What is it backing up? 50 million share equity investment in corporate 1.4 billion Ally shares sold by US government . They can't be just sold. They have to be repacked and offered to the public.
50 million X let's say $300 per corporate 1.5 billion equity investment. Good equity return is 17% = 255,000,000
Question would be where is the IPO ? Blue Bull ? 3.51 billion - 2.11 control = 1.4 billion offering and Capital, as the price goes up, you pay divvy's either cash or shares in Lou of cash. Healthy is 3-6% per year to share holders.
$255,000,000.00 equity $ 275,000,000.00 write off $20,000,000.00 credit so at $3.50, you keep all $250,000,000.00 tax free. $5 or more you give a little of that $255,000,00.00 back
Then you get into Ownership, tenant and parking lot attendee and fees...bottom line it's a tax shelter. Company's or assets come and go in holding Company's . Not like I carved out the 168,000,000 share parking spot. However it would appear my Ally held ABVG shares may very well pave it. Most company's don't own the parking lots next to their building. However they pay a fee to park there for the convenience, shelter and asset protection.
Here is one for you 14,805 posting X 5 minutes average / 60 minutes / 7 years / 24 hours = 7.34 days per year. I call that a hobby ...You are amusing though...
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