Debt was able to be restructured or eliminated.Originally posted by: MonkeyK
Thanks. So how is it that Nortwest Air (NWA) goes bankrupt and then two years later is worth billions? Where did all that wealth go or come from?
Originally posted by: Common Courtesy
Debt was able to be restructured or eliminated.Originally posted by: MonkeyK
Thanks. So how is it that Nortwest Air (NWA) goes bankrupt and then two years later is worth billions? Where did all that wealth go or come from?
The value is in the assetts.
Originally posted by: dmcowen674
Originally posted by: Common Courtesy
Debt was able to be restructured or eliminated.Originally posted by: MonkeyK
Thanks. So how is it that Nortwest Air (NWA) goes bankrupt and then two years later is worth billions? Where did all that wealth go or come from?
The value is in the assetts.
Gee, individuals can't do that but perfectly fine for the corporate thieves and criminals.
Originally posted by: bbdub333
Originally posted by: dmcowen674
Originally posted by: Common Courtesy
Debt was able to be restructured or eliminated.Originally posted by: MonkeyK
Thanks. So how is it that Nortwest Air (NWA) goes bankrupt and then two years later is worth billions? Where did all that wealth go or come from?
The value is in the assetts.
Gee, individuals can't do that but perfectly fine for the corporate thieves and criminals.
Yeah... who's ever heard of an individual declaring bankruptcy....
Honestly, do you stay up all night thinking of ways to look like a fool, or does it just come to you?
Now that's funny. "half lawyer half finance guru" is more like "complete idiot"Originally posted by: LegendKiller
I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Originally posted by: PokerGuy
Now that's funny. "half lawyer half finance guru" is more like "complete idiot"Originally posted by: LegendKiller
I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Originally posted by: LegendKiller
Originally posted by: PokerGuy
Now that's funny. "half lawyer half finance guru" is more like "complete idiot"Originally posted by: LegendKiller
I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Depends on whether somebody questions my judgement about reading too many legal docs.
Then again, I must be on the right track if all anybody can do is laugh at the notion without countering the points.
Originally posted by: Dissipate
Originally posted by: LegendKiller
Originally posted by: PokerGuy
Now that's funny. "half lawyer half finance guru" is more like "complete idiot"Originally posted by: LegendKiller
I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Depends on whether somebody questions my judgement about reading too many legal docs.
Then again, I must be on the right track if all anybody can do is laugh at the notion without countering the points.
Well considering that your points have mainly been: "I'm a certified blah blah blah, trust me." it isn't too hard to counter your points.
The 70MM facility has several debtors, the largest of which is going to be WestLB. WFC only has a B-1 tranche. In all likelihood, WFC has less than 10% of the note structure, I am trying to find details now. An A note in this type of trust will only require minimal credit enhancement, probably less than 10%, maybe 8 of which will be a B note while the C note may be 2%.
The MSA is between Frontier and WFC in WFC's role as the collateral agent of the transaction. It has nothing to do with what Frontier owes WFC. WCF acts on behalf of a trust that owns the engines that Frontier uses. That agreement is more or less saying the Lenders own the engines and all proceeds as collateral. It looks like the trust leases the engines to Frontier, which is a common thing among these types of transaction. Other common sale-leaseback transactions are car rental (see Avis-Budget AESOP program) trusts.
You're really going to pull this shit on me? I eat these types of legal docs for 3 square meals a day, while running collateral and cashflow models in excel. Don't even try to fight this type of battle, you're a network engineer, I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Because dave loves to run around and "prove" his idiotic prognostications over and over. The very fact that he claims it was WFC and not the actual perp (First Data), while claiming WFC is desperate and is going down, only highlights his ignorance. Then, instead of admitting that he was wrong, he attempts to show that WFC is a major lender with that facility, when, in fact, it only has a very small part of it. WFC is just fine.
Originally posted by: LegendKiller
Ahh yes, that's all I have said. Since you're a little challenged, I will help you out. I am always willing to help those who *NEED* it.
Originally posted by: Dissipate
Originally posted by: LegendKiller
Ahh yes, that's all I have said. Since you're a little challenged, I will help you out. I am always willing to help those who *NEED* it.
Ok, help me out and tell me what sector is going to be hot in the next 5 to 10 years. Also, tell us what your current holdings are in your own portfolio and let's track the performance.
I'm fairly certain that you COMPLETELY missed the explosive rise in gold and other commodities. You have no real advantage over any other joe six pack investor. You are just a lackey at some investment bank.
Dude, settle down I was just making fun of your appointing yourself "half lawyer half finance guru". I didn't disagree with your point. You need a relaxing vacation Here ya go :beer:Originally posted by: LegendKiller
Originally posted by: PokerGuy
Now that's funny. "half lawyer half finance guru" is more like "complete idiot"Originally posted by: LegendKiller
I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Depends on whether somebody questions my judgement about reading too many legal docs.
Then again, I must be on the right track if all anybody can do is laugh at the notion without countering the points.
Originally posted by: LegendKiller
Originally posted by: Dissipate
Originally posted by: LegendKiller
Ahh yes, that's all I have said. Since you're a little challenged, I will help you out. I am always willing to help those who *NEED* it.
Ok, help me out and tell me what sector is going to be hot in the next 5 to 10 years. Also, tell us what your current holdings are in your own portfolio and let's track the performance.
I'm fairly certain that you COMPLETELY missed the explosive rise in gold and other commodities. You have no real advantage over any other joe six pack investor. You are just a lackey at some investment bank.
*yawn*.
More attacks, no substance. Thanks for showing your true colors.
Originally posted by: LegendKiller
Originally posted by: Dissipate
Originally posted by: LegendKiller
Originally posted by: PokerGuy
Now that's funny. "half lawyer half finance guru" is more like "complete idiot"Originally posted by: LegendKiller
I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Depends on whether somebody questions my judgement about reading too many legal docs.
Then again, I must be on the right track if all anybody can do is laugh at the notion without countering the points.
Well considering that your points have mainly been: "I'm a certified blah blah blah, trust me." it isn't too hard to counter your points.
Ahh yes, that's all I have said. Since you're a little challenged, I will help you out. I am always willing to help those who *NEED* it.
The 70MM facility has several debtors, the largest of which is going to be WestLB. WFC only has a B-1 tranche. In all likelihood, WFC has less than 10% of the note structure, I am trying to find details now. An A note in this type of trust will only require minimal credit enhancement, probably less than 10%, maybe 8 of which will be a B note while the C note may be 2%.
The MSA is between Frontier and WFC in WFC's role as the collateral agent of the transaction. It has nothing to do with what Frontier owes WFC. WCF acts on behalf of a trust that owns the engines that Frontier uses. That agreement is more or less saying the Lenders own the engines and all proceeds as collateral. It looks like the trust leases the engines to Frontier, which is a common thing among these types of transaction. Other common sale-leaseback transactions are car rental (see Avis-Budget AESOP program) trusts.
You're really going to pull this shit on me? I eat these types of legal docs for 3 square meals a day, while running collateral and cashflow models in excel. Don't even try to fight this type of battle, you're a network engineer, I am a half lawyer half finance guru working for one of the biggest banks in the world and I do this shit all day.
Because dave loves to run around and "prove" his idiotic prognostications over and over. The very fact that he claims it was WFC and not the actual perp (First Data), while claiming WFC is desperate and is going down, only highlights his ignorance. Then, instead of admitting that he was wrong, he attempts to show that WFC is a major lender with that facility, when, in fact, it only has a very small part of it. WFC is just fine.
What the hell have you added to the conversation equal to the above, except for a snide remark intended to put me down. As usual, you add nothing, but a personal attack and bullcrap. I add much more.
Come back when you can do anything but ad hominems.
Originally posted by: Dissipate
Originally posted by: LegendKiller
Originally posted by: Dissipate
Originally posted by: LegendKiller
Ahh yes, that's all I have said. Since you're a little challenged, I will help you out. I am always willing to help those who *NEED* it.
Ok, help me out and tell me what sector is going to be hot in the next 5 to 10 years. Also, tell us what your current holdings are in your own portfolio and let's track the performance.
I'm fairly certain that you COMPLETELY missed the explosive rise in gold and other commodities. You have no real advantage over any other joe six pack investor. You are just a lackey at some investment bank.
*yawn*.
More attacks, no substance. Thanks for showing your true colors.
You are what is called all hat and no cattle. Open up your own personal performance or stop giving 'expert' opinions. Simple as that.
Originally posted by: glutenberg
What the hell are you talking about? LK showed the flat facts of Wells Fargo's involvement with Frontier and then supported his claim with documentation and then supported the finding of the documentation due to his position working in finance. It's like you're purposely being obtuse. Are you competing with Dave for the crappiest posts in this thread?
Originally posted by: Dissipate
Originally posted by: LegendKiller
Originally posted by: Dissipate
Originally posted by: LegendKiller
Ahh yes, that's all I have said. Since you're a little challenged, I will help you out. I am always willing to help those who *NEED* it.
Ok, help me out and tell me what sector is going to be hot in the next 5 to 10 years. Also, tell us what your current holdings are in your own portfolio and let's track the performance.
I'm fairly certain that you COMPLETELY missed the explosive rise in gold and other commodities. You have no real advantage over any other joe six pack investor. You are just a lackey at some investment bank.
*yawn*.
More attacks, no substance. Thanks for showing your true colors.
You are what is called all hat and no cattle. Open up your own personal performance or stop giving 'expert' opinions. Simple as that.
Originally posted by: Dissipate
Originally posted by: glutenberg
What the hell are you talking about? LK showed the flat facts of Wells Fargo's involvement with Frontier and then supported his claim with documentation and then supported the finding of the documentation due to his position working in finance. It's like you're purposely being obtuse. Are you competing with Dave for the crappiest posts in this thread?
I am tired of LK going from thread to thread touting his beloved 'credentials' without revealing his own performance. He's a lawyer, an investment banker, an financial guru, blah blah blah. Let's see the portfolio, or even some tax returns Mr. Guru.
Originally posted by: Vic
Up to $0.55 today... BUY! BUY!