GSE's business model

Discussion in 'Wall St. News' started by Bowgett, Aug 6, 2008.

  1. Bowgett


    1. First rob the bond and stock holders, lend to the poor -- get the bonus.

    2. Then rob the taxpayers and foreclose the poor -- get the bonus

    3. Then sell more equities and bonds and rob more rich ppl -- get the bonus

    4. Finally, get complete govt bailout, completely screw everyone -- retire!

    I think we're in between #2 and #3.
  2. Daal


    "retire!", you forgot the retirement package
  3. ElCubano


    Number 4 , is the retirement package...:D
  4. Arnie


    You forgot....

    cook the books, collect big bonus, THEN retire. :D
  5. FRE adds 100 bill. in garbage and only writes down 1 bill.

    slick math
  6. JOEY O

    JOEY O

    fre makes citi and mer look like angels.

    citi lengthens the amount of time for a NPA to actually be considered a NPA before being officially 'written down' on their books. (from 120-180 days on their last quarterly)

    mer sells off their debt at a highlyyy reduced price, provides the financing for the buyer, and then can still collect further write-downs on the debt just to get that debt off their books. (debt sell-off to Lone-Star)

    i am interested to see what's next among the institutions...
  7. Bet they increase the 180 days to 240 days in the next quarter!!