tag:blogger.com,1999:blog-7982981413278241287.post5466985469926625511..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Un Po' di Questo e Un Po' di Quello (A little of this and a litte of that)Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7982981413278241287.post-60963718631183797612011-04-27T08:39:26.203-06:002011-04-27T08:39:26.203-06:00FYI, your "epic quote" is from Ayn Rand,...FYI, your "epic quote" is from Ayn Rand, IIRC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-26699362815949062722011-04-26T23:21:53.660-06:002011-04-26T23:21:53.660-06:00The only issue is did they pay the tax when they b...The only issue is did they pay the tax when they bought the real estate. If they did then they are free and clear on an asset purchase if they sold the shares which it appears they did they have an option on a law suit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-52321573965852997232011-04-26T22:40:21.400-06:002011-04-26T22:40:21.400-06:00Paulson cares because Goldman securitized and sold...Paulson cares because Goldman securitized and sold and made billions on Countrywide Securities and deep legal inqiry would uncover the truth. He and Paulson set up that merger to "sanitize" the whole situation. Allowing the liability from the illegalities of CFC to flow up to BAC would prevent this "sanitizing" of CFC. Yes I do believe that they dotted their "i's" and crossed their "t's" in order prevent lawsuit claimants from having any claim on BAC's "deeper pockets." Because BAC's is a Too Big To Fail, it would also mean the Fed would have to cough up money. So Bernanke had the same motivation as Paulson.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-40317945434866086872011-04-26T22:34:49.009-06:002011-04-26T22:34:49.009-06:00Dave,
My sister bought a house with all cash 6 mon...Dave,<br />My sister bought a house with all cash 6 months ago. Considering housing will continue to decline, plus eventual rate hikes, would it be prudent for her to mortgage her house (cash out say 50% LTV - 15 yr fixed)and use the cash to buy precious metals as a hedge (against falling home prices)? Thanks in advance for your answer. LeilaniAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-82356047965915020822011-04-26T22:14:03.540-06:002011-04-26T22:14:03.540-06:00does anyone out there think that Hank Paulson and ...does anyone out there think that Hank Paulson and Ben Bernanke - the architects of this transaction - would be careless enough to leave any doubt as to whether this deal was structured as anything other than an "asset purchase?" <br /><br />Yes I do. The whole of MERS was illegal and anyone who knew anything about securitisation knew it would never stand scrutiny. Why would Paulson and Bernanke give a stuff about the difference of buying the assets or implications of buying the shares. The didn't in the MERS case there was probably a minuscle tax implcation in this case as as in the MERS case and they wouldn't have given a stuff about the legal implications. Afterall none of it is their money and if there is a legal suit their pals from the tribe will wet their beaks. So why would you not stuff up the paperwork?Anonymousnoreply@blogger.com