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merkhet

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Posts posted by merkhet

    2016 net worth poll

    in General Discussion

    Posted

    I'd like to add that you're also considering retirement in the United States. I'm not sure that $500,000 isn't enough to retire on a beach in Thailand somewhere. Anyhow, just wanted to throw my two cents in and say that embedded assumptions are important.

    Jim Simons: A Rare Interview

    in General Discussion

    Posted

    Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on...

     

    The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s.

     

    Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right?

    FNMA and FMCC preferreds. In search of the elusive 10 bagger.

    in General Discussion

    Posted

    this discussion of restitution has been taken completely out of context.

     

    first, restitution, or unjust enrichment, is the least likely measure of damages for breach of contract.  expectancy, or par, is the most likely. restitution, in equity, is only used by judges as a fallback measure if the contract remedy of expectancy is for some reason unavailable.

     

    second, even if restitution, then as pointed out, dividends would likely not count as a clawback to a damage award, simply because they are paid in recognition of the time vale of money. yes govt would claim it as a deduct to the restitution award, and i doubt that claim would be upheld

     

    thompson was winging it here.

     

    Oddly enough, though, it's the second time it's been mentioned by a Cooper & Kirk partner.

    I Don't Like Trump...

    in General Discussion

    Posted

    (2) As shown by the link to Shaun King's twitter feed, the emboldenment of the alt-right has begun

     

    This is very concerning, but I think it's worth noting that these racists are largely disgraced in the eyes of thinking people. I am much more worried about the racism on the left, which enjoys widespread cultural acceptance, has a solid intellectual backing, and is taught to children throughout the country.

     

    Disgraced or not, I think they pose a real physical danger to many minorities.

    FNMA and FMCC preferreds. In search of the elusive 10 bagger.

    in General Discussion

    Posted

    Marsha Blackburn is on the Trump transition team. See article from a year ago:

     

    http://nlihc.org/article/bill-would-create-gse-reserve-fund-end-treasury-sweep

     

    This idea is still sweeping profits out of Fannie and away from owners.

     

    Sort of...

     

    Under H.R. 1673, the FHFA Director would decide whether to use funds held in the reserve if Fannie Mae’s or Freddie Mac’s losses exceed their capital reserves. The FHFA Director would also issue regulations delineating the standards and procedures for doing so.

     

    Funds in the secondary reserve would not be considered part of Fannie Mae’s and Freddie Mac’s “capital, capital reserve, or otherwise an asset of the enterprise” other than as part of an approved capital restoration plan.

     

    Once the conservatorship ends, the FHFA Director would dissolve the secondary reserve fund. Any amounts left would be used first to meet capital requirements as required by law, and then be devoted to earnings.

     

    The plan was to stop the sweep and dump the earnings into a reserve fund that could act as capital during a downturn. Then, once the conservatorship ends, it would be dumped into the GSEs as capital.

     

    I think it was structured this way because the thought was, "well, I don't know that we have the votes to figure out the capital requirements, but let's sequester the funds until we do."

    FNMA and FMCC preferreds. In search of the elusive 10 bagger.

    in General Discussion

    Posted

    now that the briefs are in, what's a reasonable time frame on the mandamus ruling?

     

    imo the release enthusiasm is a little over-hyped currently in the media and message boards.

     

    the mandamus ruling is important for any settlement potential, as there's less incentive to settle if the 11000 documents remain contained

     

    Given a new administration, what's the incentive to settle regardless? It's not like Trump and co give 2 shits about what goes to the public in those documents. As cherzeca mentioned, the lawyers work on autopilot and will keep doing so. They will do everything they can to obstruct and delay the trial to increase their billing hours, unless someone stops them.

     

    Are you asking about President Obama or President-Elect Trump?

     

    President Obama has some incentive to the extent that he wants to find a way to permanently fund affordable housing trusts through the restructuring.

     

    President-Elect Trump wants to fund a huge infrastructure push, and I think that monetizing the warrants would go a long way towards helping to fund that.

    FNMA and FMCC preferreds. In search of the elusive 10 bagger.

    in General Discussion

    Posted

    Since September 20, 2016, when this Court granted Plaintiffs’ motion to compel with respect to all 56 documents that it reviewed in camera, Defendant has repeatedly delayed complying with this Court’s order. On September 29, 2016, Defendant requested, and Plaintiffs agreed, to allow Defendant an additional 10 days to consider whether to seek further review of the Court’s decision. After that time had expired on Tuesday, October 11, Defendant granted itself a further extension over Plaintiffs’ objection until Friday, October 21. On October 21, Defendant informed Plaintiffs that it would not comply with the Court’s order until at least Tuesday, October 25. With those further extensions having now expired, Defendant today informed Plaintiffs that it intends to seek further review of the Court’s decision “in a matter of days.” When asked whether Defendant would seek further review with respect to all of the documents the Court ordered produced, counsel for Defendant said that she was “not at liberty to say at this time.” Counsel for Defendant further stated that she was unable to represent whether Defendant has made a final decision about whether to challenge all aspects of the Court’s ruling and could not commit to seeking further review by any specified date.

     

    God, what assholes.

     

     

    The harder they fight it, the more likely it's damning to the Government's case.  I suspect Document 19 is so damning that they are waiting on an occupant of a house on Pennsylvania Avenue to give instructions on how to proceed.

     

    Agreed. Let's not forget about Document 19.

     

    Document 19, UST 00521902, is an unnumbered eleven-page document that is a draft of a memorandum from the President’s senior economic advisors—it relates to the lifespan of the conservatorships and the relationship between the FHFA and the Treasury Department.

    FNMA and FMCC preferreds. In search of the elusive 10 bagger.

    in General Discussion

    Posted

    Since September 20, 2016, when this Court granted Plaintiffs’ motion to compel with respect to all 56 documents that it reviewed in camera, Defendant has repeatedly delayed complying with this Court’s order. On September 29, 2016, Defendant requested, and Plaintiffs agreed, to allow Defendant an additional 10 days to consider whether to seek further review of the Court’s decision. After that time had expired on Tuesday, October 11, Defendant granted itself a further extension over Plaintiffs’ objection until Friday, October 21. On October 21, Defendant informed Plaintiffs that it would not comply with the Court’s order until at least Tuesday, October 25. With those further extensions having now expired, Defendant today informed Plaintiffs that it intends to seek further review of the Court’s decision “in a matter of days.” When asked whether Defendant would seek further review with respect to all of the documents the Court ordered produced, counsel for Defendant said that she was “not at liberty to say at this time.” Counsel for Defendant further stated that she was unable to represent whether Defendant has made a final decision about whether to challenge all aspects of the Court’s ruling and could not commit to seeking further review by any specified date.

     

    God, what assholes.

    Filters Against Folly - Garrett Hardin

    in Books

    Posted

    [amazonsearch]Filters Against Folly [/amazonsearch]

     

    I found this book via Farnam Street (like many of the other books I read) and have thoroughly enjoyed it.  It discusses three main topics: the literate filter, the numerate filter and the ecolate filter.  Hardin focuses on many topics that are discussed on this board in one way or another. 

     

    I would hope that most of you would enjoy the book.

     

    I second this. Very good book. Always ask "and then what?'

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