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enron_by_the_sea
ParticipantCan’t believe how popular this thread is. Keeping it going.
ParticipantCan’t believe how popular this thread is. Keeping it going.
July 10, 2009 at 2:08 PM in reply to: Weird..I didn’t apply for a reassessment, but got it anyway. #428218ParticipantI got a letter saying prices are unchanged in my area (Scripps). Yeh!!! Hence they would not raise assessed value.
July 10, 2009 at 2:08 PM in reply to: Weird..I didn’t apply for a reassessment, but got it anyway. #428444ParticipantI got a letter saying prices are unchanged in my area (Scripps). Yeh!!! Hence they would not raise assessed value.
July 10, 2009 at 2:08 PM in reply to: Weird..I didn’t apply for a reassessment, but got it anyway. #428733ParticipantI got a letter saying prices are unchanged in my area (Scripps). Yeh!!! Hence they would not raise assessed value.
July 10, 2009 at 2:08 PM in reply to: Weird..I didn’t apply for a reassessment, but got it anyway. #428805ParticipantI got a letter saying prices are unchanged in my area (Scripps). Yeh!!! Hence they would not raise assessed value.
July 10, 2009 at 2:08 PM in reply to: Weird..I didn’t apply for a reassessment, but got it anyway. #428966ParticipantI got a letter saying prices are unchanged in my area (Scripps). Yeh!!! Hence they would not raise assessed value.
July 10, 2009 at 2:05 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428208Participant[quote=flu]
It’s not ok for individuals to rip off IOU holders at discounted prices…However, it’s ok for banks/institutions/brokers with “licenses” to rip off IOU holders….
[/quote]
LOL. USA is different. Here if you want to rip off someone, you need to get a license to rip off first.
July 10, 2009 at 2:05 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428435Participant[quote=flu]
It’s not ok for individuals to rip off IOU holders at discounted prices…However, it’s ok for banks/institutions/brokers with “licenses” to rip off IOU holders….
[/quote]
LOL. USA is different. Here if you want to rip off someone, you need to get a license to rip off first.
July 10, 2009 at 2:05 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428723Participant[quote=flu]
It’s not ok for individuals to rip off IOU holders at discounted prices…However, it’s ok for banks/institutions/brokers with “licenses” to rip off IOU holders….
[/quote]
LOL. USA is different. Here if you want to rip off someone, you need to get a license to rip off first.
July 10, 2009 at 2:05 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428795Participant[quote=flu]
It’s not ok for individuals to rip off IOU holders at discounted prices…However, it’s ok for banks/institutions/brokers with “licenses” to rip off IOU holders….
[/quote]
LOL. USA is different. Here if you want to rip off someone, you need to get a license to rip off first.
July 10, 2009 at 2:05 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428956Participant[quote=flu]
It’s not ok for individuals to rip off IOU holders at discounted prices…However, it’s ok for banks/institutions/brokers with “licenses” to rip off IOU holders….
[/quote]
LOL. USA is different. Here if you want to rip off someone, you need to get a license to rip off first.
July 9, 2009 at 11:06 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428411ParticipantBe careful with those dreams of buying the IOUs at discount. SEC decided today that those are securities.
As a result you might need a license and/or maybe exposed to lawsuits from the seller claiming misrepresentation…I think it is ultimately bad for the holders of the IOUs. They will find few people willing to buy them except Goldman/Morgan……
“As securities, the IOUs are subject to the antifraud provisions of the securities laws,” the SEC said in a statement. “As a result, buyers and sellers will have certain rights and remedies for fraud, and the Commission will be able to take action against any person committing fraud in connection with the purchase or sale of an IOU.”
IOU What would constitute fraud? Say an individual decides to act as a dealer, buying IOUs from people who are stuck with them. This individual tells a potential seller, “I have it on good authority that the state won’t repay these IOUs as promised on Oct. 2. You’d be smart to take 85 cents on the dollar right now.”
Assuming the state has said nothing about delaying repayment, the would-be dealer could be charged with misrepresentation under federal securities laws.
July 9, 2009 at 11:06 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #428482ParticipantBe careful with those dreams of buying the IOUs at discount. SEC decided today that those are securities.
As a result you might need a license and/or maybe exposed to lawsuits from the seller claiming misrepresentation…I think it is ultimately bad for the holders of the IOUs. They will find few people willing to buy them except Goldman/Morgan……
“As securities, the IOUs are subject to the antifraud provisions of the securities laws,” the SEC said in a statement. “As a result, buyers and sellers will have certain rights and remedies for fraud, and the Commission will be able to take action against any person committing fraud in connection with the purchase or sale of an IOU.”
IOU What would constitute fraud? Say an individual decides to act as a dealer, buying IOUs from people who are stuck with them. This individual tells a potential seller, “I have it on good authority that the state won’t repay these IOUs as promised on Oct. 2. You’d be smart to take 85 cents on the dollar right now.”
Assuming the state has said nothing about delaying repayment, the would-be dealer could be charged with misrepresentation under federal securities laws.
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