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November 27, 2007 at 3:39 PM in reply to: Silly Realtors: Mortgage Fraud Hits the Courts in San MArcos #103979
bsrsharma
ParticipantCentury 21 Eldorado in San Marcos
Some Chutzpah! Naming a fraud mill as “El Dorado” {City of Gold}
November 27, 2007 at 3:39 PM in reply to: Silly Realtors: Mortgage Fraud Hits the Courts in San MArcos #104066ParticipantCentury 21 Eldorado in San Marcos
Some Chutzpah! Naming a fraud mill as “El Dorado” {City of Gold}
November 27, 2007 at 3:39 PM in reply to: Silly Realtors: Mortgage Fraud Hits the Courts in San MArcos #104078ParticipantCentury 21 Eldorado in San Marcos
Some Chutzpah! Naming a fraud mill as “El Dorado” {City of Gold}
November 27, 2007 at 3:39 PM in reply to: Silly Realtors: Mortgage Fraud Hits the Courts in San MArcos #104106ParticipantCentury 21 Eldorado in San Marcos
Some Chutzpah! Naming a fraud mill as “El Dorado” {City of Gold}
November 27, 2007 at 3:39 PM in reply to: Silly Realtors: Mortgage Fraud Hits the Courts in San MArcos #104125ParticipantCentury 21 Eldorado in San Marcos
Some Chutzpah! Naming a fraud mill as “El Dorado” {City of Gold}
ParticipantCan someone please explain the 11% rate? That sounds like pawnshop/payday loan rather than loan to largest US Bank. Why didn’t Citi offer a public offering instead of a 11% convertible at a depressed stock price? I think this suggests they are nearly insolvent. Pretty scary stuff.
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Abu Dhabi’s Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in CitigroupNEW YORK (AP) — The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation’s largest bank needed capital to offset big losses from mortgages and other investments.
The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year’s surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.’s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank.The Investment Authority will receive equity units that pay an 11 percent annual yield — a high price for Citigroup, whose dividend yield is 7.3 percent. They will then be converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.
The purchase, announced late Monday, would make the Investment Authority one of Citi’s largest shareholders……
ParticipantCan someone please explain the 11% rate? That sounds like pawnshop/payday loan rather than loan to largest US Bank. Why didn’t Citi offer a public offering instead of a 11% convertible at a depressed stock price? I think this suggests they are nearly insolvent. Pretty scary stuff.
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Abu Dhabi’s Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in CitigroupNEW YORK (AP) — The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation’s largest bank needed capital to offset big losses from mortgages and other investments.
The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year’s surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.’s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank.The Investment Authority will receive equity units that pay an 11 percent annual yield — a high price for Citigroup, whose dividend yield is 7.3 percent. They will then be converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.
The purchase, announced late Monday, would make the Investment Authority one of Citi’s largest shareholders……
ParticipantCan someone please explain the 11% rate? That sounds like pawnshop/payday loan rather than loan to largest US Bank. Why didn’t Citi offer a public offering instead of a 11% convertible at a depressed stock price? I think this suggests they are nearly insolvent. Pretty scary stuff.
———————————————————–
Abu Dhabi’s Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in CitigroupNEW YORK (AP) — The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation’s largest bank needed capital to offset big losses from mortgages and other investments.
The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year’s surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.’s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank.The Investment Authority will receive equity units that pay an 11 percent annual yield — a high price for Citigroup, whose dividend yield is 7.3 percent. They will then be converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.
The purchase, announced late Monday, would make the Investment Authority one of Citi’s largest shareholders……
ParticipantCan someone please explain the 11% rate? That sounds like pawnshop/payday loan rather than loan to largest US Bank. Why didn’t Citi offer a public offering instead of a 11% convertible at a depressed stock price? I think this suggests they are nearly insolvent. Pretty scary stuff.
———————————————————–
Abu Dhabi’s Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in CitigroupNEW YORK (AP) — The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation’s largest bank needed capital to offset big losses from mortgages and other investments.
The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year’s surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.’s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank.The Investment Authority will receive equity units that pay an 11 percent annual yield — a high price for Citigroup, whose dividend yield is 7.3 percent. They will then be converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.
The purchase, announced late Monday, would make the Investment Authority one of Citi’s largest shareholders……
ParticipantCan someone please explain the 11% rate? That sounds like pawnshop/payday loan rather than loan to largest US Bank. Why didn’t Citi offer a public offering instead of a 11% convertible at a depressed stock price? I think this suggests they are nearly insolvent. Pretty scary stuff.
———————————————————–
Abu Dhabi’s Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in CitigroupNEW YORK (AP) — The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation’s largest bank needed capital to offset big losses from mortgages and other investments.
The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year’s surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.’s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank.The Investment Authority will receive equity units that pay an 11 percent annual yield — a high price for Citigroup, whose dividend yield is 7.3 percent. They will then be converted into Citigroup common shares at a price of up to $37.24 a share between March 15, 2010, and Sept. 15, 2011.
The purchase, announced late Monday, would make the Investment Authority one of Citi’s largest shareholders……
ParticipantA miniature version of the larger sub-prime crisis indeed. Beautifully illustrates the effects of loans where borrowers expect (implicitly) default right from the beginning.
ParticipantA miniature version of the larger sub-prime crisis indeed. Beautifully illustrates the effects of loans where borrowers expect (implicitly) default right from the beginning.
ParticipantA miniature version of the larger sub-prime crisis indeed. Beautifully illustrates the effects of loans where borrowers expect (implicitly) default right from the beginning.
ParticipantA miniature version of the larger sub-prime crisis indeed. Beautifully illustrates the effects of loans where borrowers expect (implicitly) default right from the beginning.
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