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ucodegen
ParticipantTo use an example, lets say that F&F charge off 10% of their portfolio (which would be a big number). Further, let’s say the average yield on the remaining 90% of their book is 5.5% and their funding costs (now borrowing at govt rates) are 2.5%.
I think your estimate of borrowing costs for FRE/FNM are almost double what they currently are. Is some of that for long term borrowing that has not yet rolled over?
ParticipantTo use an example, lets say that F&F charge off 10% of their portfolio (which would be a big number). Further, let’s say the average yield on the remaining 90% of their book is 5.5% and their funding costs (now borrowing at govt rates) are 2.5%.
I think your estimate of borrowing costs for FRE/FNM are almost double what they currently are. Is some of that for long term borrowing that has not yet rolled over?
ParticipantWhen I called back, I was told because I didn’t send order confirmation, the credit card company could not decide what the right amount is. See, SkyPointDigital knew this. That’s why it never sent me any order confirmation or receipt.
Did you let VISA know that “Sky Point Digital” didn’t send you a confirmation or receipt? Realize that without a receipt/order confirmation, Sky Point Digital themselves can’t prove that they billed you validly. Demand a copy of the receipt from “Sky Point Digital”. If “Sky Point Digital” doesn’t give you a copy of the receipt, dispute the entire charge (full $1299) with VISA because if “Sky Point Digital” does not have a valid confirmation number or receipt themselves for the charge, they can’t prove that they even tried to send you the merchandise that they charged you for as well as what that merchandise was. The burden of proof is on “Sky Point Digital”. There should be a tracking number on the package.. you’ll need that too, but if you have it, don’t tell VISA or “Sky Point Digital” (and tell those that opened the package that was addressed to you, to never do that again.. seriously.).
You should have printed out the web page and sum of charges from the web page right before you ok’d the payment… and right after if possible. You can use something called ‘PDFCreator’ as a printer driver to create a ‘pdf’ file from a web page. The page would have served as ‘proof’ of what they claiming that the charges are for the item and what you were trying to buy.
Now if “Sky Point Digital” is able to provide the receipts and tracking numbers.. it gets more difficult. It becomes he-said/she-said (because you don’t have a printed copy of the web page when and after you ordered). “Sky Point Digital” sounds like a closet operation.. so I don’t think they keep good records.
If it all falls out, you can file complaints with both the FBI and Better Business Bureau of New York(if that is where they are located). FTC complaint might be another avenue.
ParticipantWhen I called back, I was told because I didn’t send order confirmation, the credit card company could not decide what the right amount is. See, SkyPointDigital knew this. That’s why it never sent me any order confirmation or receipt.
Did you let VISA know that “Sky Point Digital” didn’t send you a confirmation or receipt? Realize that without a receipt/order confirmation, Sky Point Digital themselves can’t prove that they billed you validly. Demand a copy of the receipt from “Sky Point Digital”. If “Sky Point Digital” doesn’t give you a copy of the receipt, dispute the entire charge (full $1299) with VISA because if “Sky Point Digital” does not have a valid confirmation number or receipt themselves for the charge, they can’t prove that they even tried to send you the merchandise that they charged you for as well as what that merchandise was. The burden of proof is on “Sky Point Digital”. There should be a tracking number on the package.. you’ll need that too, but if you have it, don’t tell VISA or “Sky Point Digital” (and tell those that opened the package that was addressed to you, to never do that again.. seriously.).
You should have printed out the web page and sum of charges from the web page right before you ok’d the payment… and right after if possible. You can use something called ‘PDFCreator’ as a printer driver to create a ‘pdf’ file from a web page. The page would have served as ‘proof’ of what they claiming that the charges are for the item and what you were trying to buy.
Now if “Sky Point Digital” is able to provide the receipts and tracking numbers.. it gets more difficult. It becomes he-said/she-said (because you don’t have a printed copy of the web page when and after you ordered). “Sky Point Digital” sounds like a closet operation.. so I don’t think they keep good records.
If it all falls out, you can file complaints with both the FBI and Better Business Bureau of New York(if that is where they are located). FTC complaint might be another avenue.
ParticipantWhen I called back, I was told because I didn’t send order confirmation, the credit card company could not decide what the right amount is. See, SkyPointDigital knew this. That’s why it never sent me any order confirmation or receipt.
Did you let VISA know that “Sky Point Digital” didn’t send you a confirmation or receipt? Realize that without a receipt/order confirmation, Sky Point Digital themselves can’t prove that they billed you validly. Demand a copy of the receipt from “Sky Point Digital”. If “Sky Point Digital” doesn’t give you a copy of the receipt, dispute the entire charge (full $1299) with VISA because if “Sky Point Digital” does not have a valid confirmation number or receipt themselves for the charge, they can’t prove that they even tried to send you the merchandise that they charged you for as well as what that merchandise was. The burden of proof is on “Sky Point Digital”. There should be a tracking number on the package.. you’ll need that too, but if you have it, don’t tell VISA or “Sky Point Digital” (and tell those that opened the package that was addressed to you, to never do that again.. seriously.).
You should have printed out the web page and sum of charges from the web page right before you ok’d the payment… and right after if possible. You can use something called ‘PDFCreator’ as a printer driver to create a ‘pdf’ file from a web page. The page would have served as ‘proof’ of what they claiming that the charges are for the item and what you were trying to buy.
Now if “Sky Point Digital” is able to provide the receipts and tracking numbers.. it gets more difficult. It becomes he-said/she-said (because you don’t have a printed copy of the web page when and after you ordered). “Sky Point Digital” sounds like a closet operation.. so I don’t think they keep good records.
If it all falls out, you can file complaints with both the FBI and Better Business Bureau of New York(if that is where they are located). FTC complaint might be another avenue.
ParticipantWhen I called back, I was told because I didn’t send order confirmation, the credit card company could not decide what the right amount is. See, SkyPointDigital knew this. That’s why it never sent me any order confirmation or receipt.
Did you let VISA know that “Sky Point Digital” didn’t send you a confirmation or receipt? Realize that without a receipt/order confirmation, Sky Point Digital themselves can’t prove that they billed you validly. Demand a copy of the receipt from “Sky Point Digital”. If “Sky Point Digital” doesn’t give you a copy of the receipt, dispute the entire charge (full $1299) with VISA because if “Sky Point Digital” does not have a valid confirmation number or receipt themselves for the charge, they can’t prove that they even tried to send you the merchandise that they charged you for as well as what that merchandise was. The burden of proof is on “Sky Point Digital”. There should be a tracking number on the package.. you’ll need that too, but if you have it, don’t tell VISA or “Sky Point Digital” (and tell those that opened the package that was addressed to you, to never do that again.. seriously.).
You should have printed out the web page and sum of charges from the web page right before you ok’d the payment… and right after if possible. You can use something called ‘PDFCreator’ as a printer driver to create a ‘pdf’ file from a web page. The page would have served as ‘proof’ of what they claiming that the charges are for the item and what you were trying to buy.
Now if “Sky Point Digital” is able to provide the receipts and tracking numbers.. it gets more difficult. It becomes he-said/she-said (because you don’t have a printed copy of the web page when and after you ordered). “Sky Point Digital” sounds like a closet operation.. so I don’t think they keep good records.
If it all falls out, you can file complaints with both the FBI and Better Business Bureau of New York(if that is where they are located). FTC complaint might be another avenue.
ParticipantWhen I called back, I was told because I didn’t send order confirmation, the credit card company could not decide what the right amount is. See, SkyPointDigital knew this. That’s why it never sent me any order confirmation or receipt.
Did you let VISA know that “Sky Point Digital” didn’t send you a confirmation or receipt? Realize that without a receipt/order confirmation, Sky Point Digital themselves can’t prove that they billed you validly. Demand a copy of the receipt from “Sky Point Digital”. If “Sky Point Digital” doesn’t give you a copy of the receipt, dispute the entire charge (full $1299) with VISA because if “Sky Point Digital” does not have a valid confirmation number or receipt themselves for the charge, they can’t prove that they even tried to send you the merchandise that they charged you for as well as what that merchandise was. The burden of proof is on “Sky Point Digital”. There should be a tracking number on the package.. you’ll need that too, but if you have it, don’t tell VISA or “Sky Point Digital” (and tell those that opened the package that was addressed to you, to never do that again.. seriously.).
You should have printed out the web page and sum of charges from the web page right before you ok’d the payment… and right after if possible. You can use something called ‘PDFCreator’ as a printer driver to create a ‘pdf’ file from a web page. The page would have served as ‘proof’ of what they claiming that the charges are for the item and what you were trying to buy.
Now if “Sky Point Digital” is able to provide the receipts and tracking numbers.. it gets more difficult. It becomes he-said/she-said (because you don’t have a printed copy of the web page when and after you ordered). “Sky Point Digital” sounds like a closet operation.. so I don’t think they keep good records.
If it all falls out, you can file complaints with both the FBI and Better Business Bureau of New York(if that is where they are located). FTC complaint might be another avenue.
ParticipantBank of America raised $19 billion of new equity. It paid the government $45 billion of TARP funds back. To make up the difference, it borrowed $26 billion of new funds from the Fed (at a subsidized rate, no less).
Please show where the new funds are being borrowed. I am seeing it come from sale of existing assets. Considering that LIBOR is 1%, it is very hard to subsidize below that. LIBOR is the rate at which banks borrow from each other. The fed was charging 3.5%. I have checked their SEC filings and saw no such reference to the new source of funds.
But aren’t taxpayers better off now that Bank of America has paid us back?
Not if you thought the control and pay restrictions TARP provided were a good thing.
This is the primary reason why I don’t like BofA from getting out from under a TARP restriction on executive pay. I like getting out from under it due to the warrants and interest rate charged.
If an executive was truly worth the pay being demanded, he would try to negotiate the pay to be nearly 100% in options for a few years, with strike price at current stock price when awarded and vest date 5 years from award with 20% vest increments from award date… no underwater repricing allowed.
If the guy was good, he would be able to get the company back on its feet within that time.. otherwise they are not worth the millions the executives are asking…
ParticipantBank of America raised $19 billion of new equity. It paid the government $45 billion of TARP funds back. To make up the difference, it borrowed $26 billion of new funds from the Fed (at a subsidized rate, no less).
Please show where the new funds are being borrowed. I am seeing it come from sale of existing assets. Considering that LIBOR is 1%, it is very hard to subsidize below that. LIBOR is the rate at which banks borrow from each other. The fed was charging 3.5%. I have checked their SEC filings and saw no such reference to the new source of funds.
But aren’t taxpayers better off now that Bank of America has paid us back?
Not if you thought the control and pay restrictions TARP provided were a good thing.
This is the primary reason why I don’t like BofA from getting out from under a TARP restriction on executive pay. I like getting out from under it due to the warrants and interest rate charged.
If an executive was truly worth the pay being demanded, he would try to negotiate the pay to be nearly 100% in options for a few years, with strike price at current stock price when awarded and vest date 5 years from award with 20% vest increments from award date… no underwater repricing allowed.
If the guy was good, he would be able to get the company back on its feet within that time.. otherwise they are not worth the millions the executives are asking…
ParticipantBank of America raised $19 billion of new equity. It paid the government $45 billion of TARP funds back. To make up the difference, it borrowed $26 billion of new funds from the Fed (at a subsidized rate, no less).
Please show where the new funds are being borrowed. I am seeing it come from sale of existing assets. Considering that LIBOR is 1%, it is very hard to subsidize below that. LIBOR is the rate at which banks borrow from each other. The fed was charging 3.5%. I have checked their SEC filings and saw no such reference to the new source of funds.
But aren’t taxpayers better off now that Bank of America has paid us back?
Not if you thought the control and pay restrictions TARP provided were a good thing.
This is the primary reason why I don’t like BofA from getting out from under a TARP restriction on executive pay. I like getting out from under it due to the warrants and interest rate charged.
If an executive was truly worth the pay being demanded, he would try to negotiate the pay to be nearly 100% in options for a few years, with strike price at current stock price when awarded and vest date 5 years from award with 20% vest increments from award date… no underwater repricing allowed.
If the guy was good, he would be able to get the company back on its feet within that time.. otherwise they are not worth the millions the executives are asking…
ParticipantBank of America raised $19 billion of new equity. It paid the government $45 billion of TARP funds back. To make up the difference, it borrowed $26 billion of new funds from the Fed (at a subsidized rate, no less).
Please show where the new funds are being borrowed. I am seeing it come from sale of existing assets. Considering that LIBOR is 1%, it is very hard to subsidize below that. LIBOR is the rate at which banks borrow from each other. The fed was charging 3.5%. I have checked their SEC filings and saw no such reference to the new source of funds.
But aren’t taxpayers better off now that Bank of America has paid us back?
Not if you thought the control and pay restrictions TARP provided were a good thing.
This is the primary reason why I don’t like BofA from getting out from under a TARP restriction on executive pay. I like getting out from under it due to the warrants and interest rate charged.
If an executive was truly worth the pay being demanded, he would try to negotiate the pay to be nearly 100% in options for a few years, with strike price at current stock price when awarded and vest date 5 years from award with 20% vest increments from award date… no underwater repricing allowed.
If the guy was good, he would be able to get the company back on its feet within that time.. otherwise they are not worth the millions the executives are asking…
ParticipantBank of America raised $19 billion of new equity. It paid the government $45 billion of TARP funds back. To make up the difference, it borrowed $26 billion of new funds from the Fed (at a subsidized rate, no less).
Please show where the new funds are being borrowed. I am seeing it come from sale of existing assets. Considering that LIBOR is 1%, it is very hard to subsidize below that. LIBOR is the rate at which banks borrow from each other. The fed was charging 3.5%. I have checked their SEC filings and saw no such reference to the new source of funds.
But aren’t taxpayers better off now that Bank of America has paid us back?
Not if you thought the control and pay restrictions TARP provided were a good thing.
This is the primary reason why I don’t like BofA from getting out from under a TARP restriction on executive pay. I like getting out from under it due to the warrants and interest rate charged.
If an executive was truly worth the pay being demanded, he would try to negotiate the pay to be nearly 100% in options for a few years, with strike price at current stock price when awarded and vest date 5 years from award with 20% vest increments from award date… no underwater repricing allowed.
If the guy was good, he would be able to get the company back on its feet within that time.. otherwise they are not worth the millions the executives are asking…
ParticipantA $100-200 dishwasher is going to be builder level crap,even from Sears outlet, especially if you want SS. The dishwasher I bought a few years ago was almost $500 for a Whirlpool gold in white. It runs like a top.
We got a BOSCH dishwasher from Sears outlet for about $500.. $100-$200 was definitely the low end stuff. I would double check to make sure you have all the parts on the Sears outlet products. Some of them don’t. I would also be careful of some of their installers. Our BOSCH got damaged by one of the guys who just ‘threw it on the back of his truck’.. truck wasn’t even a flatbed.. it was a pickup.
ParticipantA $100-200 dishwasher is going to be builder level crap,even from Sears outlet, especially if you want SS. The dishwasher I bought a few years ago was almost $500 for a Whirlpool gold in white. It runs like a top.
We got a BOSCH dishwasher from Sears outlet for about $500.. $100-$200 was definitely the low end stuff. I would double check to make sure you have all the parts on the Sears outlet products. Some of them don’t. I would also be careful of some of their installers. Our BOSCH got damaged by one of the guys who just ‘threw it on the back of his truck’.. truck wasn’t even a flatbed.. it was a pickup.
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