AIG and the Lunacy of GAAP Reporting [View article]
Merrill's junk was super senior too. No, they did not get 22 cents on the dollar. They got a little over 5 cents cash and a promise for 17. What's the value at maturity of an empty rotting shopping mall?
-
Merrill's junk was super senior too. No, they did not get 22 cents on the dollar. They got a little over 5 cents cash and a promise for 17. What's the value at maturity of an empty rotting shopping mall?
Aug 27 12:10 pm
|Rating:
0
0
All Comments by 1worldcurrency »AIG and the Lunacy of GAAP Reporting [View article]