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September 7, 2008 at 10:08 PM in reply to: Holy Crap: Wamu CEO is out too over the weekend…. #267485
equalizer
ParticipantFrom title thought it meant he we went out somewhere over weekend partying, etc, but real SHOCK is that he was given no golden parachute, just low $14.9 million in deferred compensation.
September 7, 2008 at 10:08 PM in reply to: Holy Crap: Wamu CEO is out too over the weekend…. #267704equalizer
ParticipantFrom title thought it meant he we went out somewhere over weekend partying, etc, but real SHOCK is that he was given no golden parachute, just low $14.9 million in deferred compensation.
September 7, 2008 at 10:08 PM in reply to: Holy Crap: Wamu CEO is out too over the weekend…. #267719equalizer
ParticipantFrom title thought it meant he we went out somewhere over weekend partying, etc, but real SHOCK is that he was given no golden parachute, just low $14.9 million in deferred compensation.
September 7, 2008 at 10:08 PM in reply to: Holy Crap: Wamu CEO is out too over the weekend…. #267767equalizer
ParticipantFrom title thought it meant he we went out somewhere over weekend partying, etc, but real SHOCK is that he was given no golden parachute, just low $14.9 million in deferred compensation.
September 7, 2008 at 10:08 PM in reply to: Holy Crap: Wamu CEO is out too over the weekend…. #267796equalizer
ParticipantFrom title thought it meant he we went out somewhere over weekend partying, etc, but real SHOCK is that he was given no golden parachute, just low $14.9 million in deferred compensation.
equalizer
ParticipantCA is a horrible place for small business owner because rents, employee costs (low end retail only) are much higher (30-50%)than Houston, etc, while revenues are 10-20% higher. The state regs are usually small part of problem. Why open a small retail/rest here when in another state you can actually make profits? Nice weather is always the pat answer. People want to live here, even if it is financially irresponsible.
equalizer
ParticipantCA is a horrible place for small business owner because rents, employee costs (low end retail only) are much higher (30-50%)than Houston, etc, while revenues are 10-20% higher. The state regs are usually small part of problem. Why open a small retail/rest here when in another state you can actually make profits? Nice weather is always the pat answer. People want to live here, even if it is financially irresponsible.
equalizer
ParticipantCA is a horrible place for small business owner because rents, employee costs (low end retail only) are much higher (30-50%)than Houston, etc, while revenues are 10-20% higher. The state regs are usually small part of problem. Why open a small retail/rest here when in another state you can actually make profits? Nice weather is always the pat answer. People want to live here, even if it is financially irresponsible.
equalizer
ParticipantCA is a horrible place for small business owner because rents, employee costs (low end retail only) are much higher (30-50%)than Houston, etc, while revenues are 10-20% higher. The state regs are usually small part of problem. Why open a small retail/rest here when in another state you can actually make profits? Nice weather is always the pat answer. People want to live here, even if it is financially irresponsible.
equalizer
ParticipantCA is a horrible place for small business owner because rents, employee costs (low end retail only) are much higher (30-50%)than Houston, etc, while revenues are 10-20% higher. The state regs are usually small part of problem. Why open a small retail/rest here when in another state you can actually make profits? Nice weather is always the pat answer. People want to live here, even if it is financially irresponsible.
equalizer
ParticipantBloomberg:
Analysts have speculated that the Treasury would wipe out common shareholders, while seeking to shield preferred stockowners from total loss. Fannie and Freddie preferred shares are typically owned by banks and insurance companies. Their $5.2 trillion of debt outstanding is held by investors including Asian central banks, and would probably be guaranteed, analysts said.
“Treasury’s main concern is the debt markets, and if it was to say that it will do whatever is necessary to keep Fannie and Freddie running, the better it is for their funding,” said Alex Pollock, fellow at the American Enterprise Institute in Washington and former president of the Chicago Federal Home Loan Bank.
http://www.bloomberg.com/apps/news?pid=20601087&sid=azJ2NQoKxMnE&refer=home
—————————————-One of the goals of bailout is to protect largest holders: Japanese and Chinese investors.
equalizer
ParticipantBloomberg:
Analysts have speculated that the Treasury would wipe out common shareholders, while seeking to shield preferred stockowners from total loss. Fannie and Freddie preferred shares are typically owned by banks and insurance companies. Their $5.2 trillion of debt outstanding is held by investors including Asian central banks, and would probably be guaranteed, analysts said.
“Treasury’s main concern is the debt markets, and if it was to say that it will do whatever is necessary to keep Fannie and Freddie running, the better it is for their funding,” said Alex Pollock, fellow at the American Enterprise Institute in Washington and former president of the Chicago Federal Home Loan Bank.
http://www.bloomberg.com/apps/news?pid=20601087&sid=azJ2NQoKxMnE&refer=home
—————————————-One of the goals of bailout is to protect largest holders: Japanese and Chinese investors.
equalizer
ParticipantBloomberg:
Analysts have speculated that the Treasury would wipe out common shareholders, while seeking to shield preferred stockowners from total loss. Fannie and Freddie preferred shares are typically owned by banks and insurance companies. Their $5.2 trillion of debt outstanding is held by investors including Asian central banks, and would probably be guaranteed, analysts said.
“Treasury’s main concern is the debt markets, and if it was to say that it will do whatever is necessary to keep Fannie and Freddie running, the better it is for their funding,” said Alex Pollock, fellow at the American Enterprise Institute in Washington and former president of the Chicago Federal Home Loan Bank.
http://www.bloomberg.com/apps/news?pid=20601087&sid=azJ2NQoKxMnE&refer=home
—————————————-One of the goals of bailout is to protect largest holders: Japanese and Chinese investors.
equalizer
ParticipantBloomberg:
Analysts have speculated that the Treasury would wipe out common shareholders, while seeking to shield preferred stockowners from total loss. Fannie and Freddie preferred shares are typically owned by banks and insurance companies. Their $5.2 trillion of debt outstanding is held by investors including Asian central banks, and would probably be guaranteed, analysts said.
“Treasury’s main concern is the debt markets, and if it was to say that it will do whatever is necessary to keep Fannie and Freddie running, the better it is for their funding,” said Alex Pollock, fellow at the American Enterprise Institute in Washington and former president of the Chicago Federal Home Loan Bank.
http://www.bloomberg.com/apps/news?pid=20601087&sid=azJ2NQoKxMnE&refer=home
—————————————-One of the goals of bailout is to protect largest holders: Japanese and Chinese investors.
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