johndumas

Easiest Way to Rob the U.S. Treasury? Own a Bank

Government structures are a prerequisite to game the system. In private transactions these actions would constitute fraud. No one is going to put the government's bureaucrats (zombies "only following orders") in jail.

Hard to Value Assets Create Stir for Investors

I meant BOOK value of $55,500.


On Dec 12 09:08 AM john dumas wrote:

> Why not just average the value of assets by what they would be worth
> as annuities multiplied by their chance of survival paying an equal
> yield as well as market value. (EQxSVl+MV)/2=book value example:
> $100,000 mortgage at 6% with a 10% risk of default worth $81,000
> as an anuity equal with market value of $30,000 would have a market
> value of $55,000

Hard to Value Assets Create Stir for Investors

Why not just average the value of assets by what they would be worth as annuities multiplied by their chance of survival paying an equal yield as well as market value. (EQxSVl+MV)/2=book value example: $100,000 mortgage at 6% with a 10% risk of default worth $81,000 as an anuity equal with market value of $30,000 would have a market value of $55,000