[quote=qwerty007]Using shares as collateral for a loan is probably a little shaky, but a novel way to cover your losses when those shares tumble.[/quote]
I seem to recall that it was not unknown during the dot-com era … Stamps.com and former CEO John Payne come to mind.
But Kaupthing seems to have taken it to a new level … granting loans for the purchase of its own stock, then announcing it as an infusion of capital.
32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.
32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.
32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.
32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.
32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.
