tag:blogger.com,1999:blog-14963913.post1127085042776462480..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: The Private Public Partnership is a ScamKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-14963913.post-90623939535205502732010-08-23T14:46:39.211-04:002010-08-23T14:46:39.211-04:00Yeah I got it. Thanks.Yeah I got it. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-51136193126104915362010-08-23T14:28:33.650-04:002010-08-23T14:28:33.650-04:00Sumit - they've sold their risk back to the sa...Sumit - they've sold their risk back to the same party they bought it from - BAC - with the taxpayer in the middle eating the potential losses. (this was all hypothetical of course.)Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-9458171155863864602010-08-23T14:25:39.162-04:002010-08-23T14:25:39.162-04:00Can you please explain #4 reasoning. Even though t...Can you please explain #4 reasoning. Even though the entity is making 100M in one day, I am unable to understand that isn't the entity still has to pay back the non-recourse loan? Where will it get the money to pay the loan back?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-78257893066307195572009-03-23T11:50:00.000-04:002009-03-23T11:50:00.000-04:00so the bottom line is that the leverage offered by...so the bottom line is that the leverage offered by the government is 12-1 (6-1 debt to equity leverage, but the Treasury puts up 50% of the equity), and not the 30-1 initially reported. <BR/><BR/>HOPEFULLY this makes it harder to scam (Although, as you can imagine, there's still plenty of incentive for banks to essentially try to buy their own bad assets with Taxpayer dollars).<BR/><BR/>on the other hand, i'm sticking to my claim that if the program cannot be scammed, it won't do anything, because the investors still don't want to pay what the banks are asking for these assets!<BR/><BR/>leverage only magnifies expected return - it doesn't turn losing trades into winning tradesKid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-8235086861551549552009-03-23T11:45:00.000-04:002009-03-23T11:45:00.000-04:00KD,now that we have the plan out...can you do a fo...KD,<BR/><BR/>now that we have the plan out...can you do a follow up post ?<BR/><BR/>is it good or bad ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-74278514248763932292009-03-23T09:44:00.000-04:002009-03-23T09:44:00.000-04:00KD, gimme a shout at wbbane@yahoo.com when you can...KD, gimme a shout at wbbane@yahoo.com when you can. Apologies if this turns out to be a goose-chase!Barnacle Billhttps://www.blogger.com/profile/12908903056053419959noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-47915707263354067632009-03-23T09:39:00.000-04:002009-03-23T09:39:00.000-04:00i can neither confirm nor deny that ;-). tell me h...i can neither confirm nor deny that ;-). tell me how to get in touch with you.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-25006834505207962682009-03-23T09:34:00.000-04:002009-03-23T09:34:00.000-04:00Were you in lower Manhattan for a spell at DB? --...Were you in lower Manhattan for a spell at DB? --BillBarnacle Billhttps://www.blogger.com/profile/12908903056053419959noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-62375329493755328812009-03-23T09:29:00.000-04:002009-03-23T09:29:00.000-04:00yes, Bill, for many years - but I did not tell my ...yes, Bill, for many years - but I did not tell my colleagues of my alter KD ego - for fear of retribution from The ManKid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-14762866310908002782009-03-23T09:28:00.000-04:002009-03-23T09:28:00.000-04:00KD, have you worked on the sell-side? Trying to f...KD, have you worked on the sell-side? Trying to figure out if you are the KD I know. --BillAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-20180232466345063172009-03-22T23:38:00.000-04:002009-03-22T23:38:00.000-04:00Is it too late to become a bank with bad assets?Is it too late to become a bank with bad assets?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-64925769846966640912009-03-22T15:40:00.000-04:002009-03-22T15:40:00.000-04:00Kid Dynamite -After reading all your Government sl...Kid Dynamite -<BR/>After reading all your Government slander recently, we have decided to impose a 90% income tax on you for 2008. Whats that? You don't work and have no income?? WTF... in that case, your parents, siblings, and fraternity brothers will now be taxed ONE-HUNDRED and ninety percent instead. Teach you to mess with the Geithner. DKNWTFIA???Anonymousnoreply@blogger.com