tag:blogger.com,1999:blog-18079728.post5511673242800053358..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Whithering Rights"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18079728.post-10979196723175356112008-01-17T23:43:00.000-08:002008-01-17T23:43:00.000-08:00Benign??? What isn't nefarious nowadays? The crimi...Benign??? What isn't nefarious nowadays? The criminals at the top are hellbent on bringing serfdom back, and are willing to risk crashing the whole system in the process. You'd think these pirates would want to leave the game intact for their grandchildren.<BR/><BR/>The funny thing is seeing how optimistic finance-types are about the whole situation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-66122096916963318402008-01-14T11:27:00.000-08:002008-01-14T11:27:00.000-08:00In a specific depositor-insurance sense and inasmu...In a specific depositor-insurance sense and inasmuch as some 21 large banks have preference at borrowing from the Fed directly (primary dealers), and bank audits and capital requirements demanded and implicitly guaranteed by the Fed Govt, it seems the implied partner of all major banks is the US taxpayer. <BR/><BR/>Now come the banks declaring only their private interests when raising cash for Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-43549173046269422472008-01-13T11:22:00.000-08:002008-01-13T11:22:00.000-08:00Trust me when I say I am in way over my head on th...Trust me when I say I am in way over my head on this subject, but if you look at a little article in CFO magazine, titled "Deloitte forecloses on Novastar stock offering" it indicated that the disclosures which would be required by the accountants in a rights offering might include a lot of things a needy potential issuer would not want publicly revealed. In Novastar's case it would have requiredAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-39920909833091661102008-01-13T08:53:00.000-08:002008-01-13T08:53:00.000-08:00There is a pending rights offering of $500 million...There is a pending rights offering of $500 million by MBIA at $30/share, with backup financing provided by Warburg Pincus. This is in addition to the pending $500 million stock purchase by them at $30/share. The deal was announced Dec.10, 2007, and the stock closed at 16.59, up 2.48 on Friday 1/11/08. <BR/><BR/>In the current environment, rights offers without sponsors are too slow. Even with a Anonymousnoreply@blogger.com