Michael
Elite member
- Nov 19, 1999
- 5,435
- 234
- 106
I have provided proof as to who I am often enough. You can find me via SEC filings, and I am a CFO now and am on a public company's board (again, you can find it via SEC filings and I am on the audit and comp committee). So if your deductive reasoning is so great and you reached the conclusion that I am not a CFO, then maybe you should question yourself a little more often.
Without being all too public on an internet forum, any mod that looks at my email address and looks up my name plus CFO on Google will find me.
You say you have "done" securatizations. What exactly does that mean and what type? I've already posted before that if you work in a group that does credit card or mortgage assemblies, then the numbers are huge but they're all pretty much cookie cutter and are being sold into a ready market. That is much different than doing a bond or equity deal for an individual company. A public manufacturing company with over $1B in revenue is actually reasonably large. Certainly not a GE, but nothing to simply dismiss.
As for "punishing" the shareholders, punishing and rewarding is part of the normal market. Make the wrong choices and you lose what you risked (or fail to gain as much as you could have). If you're talking about the shareholders that indirectly hold the shares via a fund, then they also can choose what fund they invest in or their company can choose pension fund advisors. Part of that choice is the expectation that shares will be properly voted and Boards will be properly vetted.
Potentially losing money is a risk that any investor takes. The news has been dire for a little while and there has been plenty of opportunity to get out before the complete meltdowns (even if it was at a loss).
You also have not addressed the flaws in the proposed bill. So it is OK for Paulson to basically be able to buy what he wants at what price he wants to? It is enough? It will fix the issues going forward? Is it you sticking a finger in a hole in a *** when the whole dam is failing? All you've done is try and throw out hobgoblins of fear of what might happen. I think that the current bailout would not work and extend any pain and leave the same people that caused the problem in charge to cause even more problems.
Michael
Without being all too public on an internet forum, any mod that looks at my email address and looks up my name plus CFO on Google will find me.
You say you have "done" securatizations. What exactly does that mean and what type? I've already posted before that if you work in a group that does credit card or mortgage assemblies, then the numbers are huge but they're all pretty much cookie cutter and are being sold into a ready market. That is much different than doing a bond or equity deal for an individual company. A public manufacturing company with over $1B in revenue is actually reasonably large. Certainly not a GE, but nothing to simply dismiss.
As for "punishing" the shareholders, punishing and rewarding is part of the normal market. Make the wrong choices and you lose what you risked (or fail to gain as much as you could have). If you're talking about the shareholders that indirectly hold the shares via a fund, then they also can choose what fund they invest in or their company can choose pension fund advisors. Part of that choice is the expectation that shares will be properly voted and Boards will be properly vetted.
Potentially losing money is a risk that any investor takes. The news has been dire for a little while and there has been plenty of opportunity to get out before the complete meltdowns (even if it was at a loss).
You also have not addressed the flaws in the proposed bill. So it is OK for Paulson to basically be able to buy what he wants at what price he wants to? It is enough? It will fix the issues going forward? Is it you sticking a finger in a hole in a *** when the whole dam is failing? All you've done is try and throw out hobgoblins of fear of what might happen. I think that the current bailout would not work and extend any pain and leave the same people that caused the problem in charge to cause even more problems.
Michael
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