bungaloo

Explaining the Citi Arithmetic

I thought I heard that Abu Dhabi was one of the converters. If I recall, the initial investment they made had a lower conversion band in the high teens and was a mandatory convert after a certain number of years. They are getting a very beneficial conversion in this offer...several times the common they were supposed to get under the original terms.

When Citigroup Competes with Itself

My guess is they have or will agree to use the MSSB platform in some kind of outsourcing arrangement

The Logic Behind Bill Ackman's Purchase of General Growth Properties

Sullivan also suspects GGP may be a vehicle for Ackman to realize his Target REIT proposal using GGP to manage the assets freeing up Target management from doing so.

How Are Banks Spending Bailout Money? Anyone's Guess

Shepeople...No joke was intended. Everyone wants to know where the TARP money went. Re-read this piece and the quotes the author uses. He wants to know, specifically, where the money from the TARP is going. Unless you set up a TARP bank that only has TARP money, this is impossible to do hard stop. Anyone that asks this question and expects a definitive answer does not know anything about how a bank operates.

How Are Banks Spending Bailout Money? Anyone's Guess

I am sorry but do you really think any of the banks can provide dollar tracking for this? It goes to one big pot. They could not tell where the $10,000 they lend someone for a car came from. Can you tell whether the $4 you paid for your Starbucks this morning came from this weeks pay, last weeks pay, your wife's pay or the dividend you received last week? One of the first things we learn about banking is that the $5 bill grandma gave us that she wrote Happy Birthday on is not the same bill we will get back once we deposit it into a bank. Why should the TARp money be any different?

Will Sears Holdings Be Cut in Half - Again?

Care to provide any reasoning other than a bad real estate market? Justifacation for a $20 price?