10% earnings per share - 13% RoE. Get some NOW!

[herosrest]

_

In providing a loan for property, all lenders require a valuation of the property.
It is based upon the cost of rebuilding that property.
That valuation is a true assessment of the cost of rebuilding TODAY. Very logically - that is the value of the property. This will not be the price agreed between seller and buyer but that valuation forms the basis of an arrangement of TRUST between the buyer and lender. Regardless of interest in property value, any dealing or valuation unfairly representing or adjusting the contracted valuation is a breach of trust. Market conditions cannot ever apply to lenders valuations of a property which they hold in trust. They do not own it. How ever it is done, they act against the interest of the buyer - breaching trust. It is impossible to abrogate this aspect of the loan. The property is insured, by the buyer, to rebuild the property as required by the lender. The required valuation forms the basis of trust and sets the property's value.

Prices paid for property may or may not reflect that valuation. That property sells for more or less than this valuation is a matter for the owner not the lender. The lender holds a defined right to the property. That is called TRUST. They do not own the property and may not act against the owners interest. Any business trading property assets which are in trust must adhere to the lenders insurance rebuild valuation which is constant and not subject to markets. This is because regardless of all factors and argument - the property will cost that amount to rebuild. The rebuild insurance valuation is defined in contract by the lender.

Whilst this may be a headache for market traders to grasp, it is a fact of business they must adopt today, post haste. Derivative trading has destroyed contracted property valuation and this must be undone. The Rebuild Insurance valuation must be the basis of fair market valuation and 'mark-to-market' junked for the total load of bollox that it is. The implications of the rule changes are straight forward. Every body wins. No losers unless bad or illegal practise has taken place or is INTENDED.

Mark-to-market valuations must cease. Fair value must be insurance rebuild.

No more spivs! Please. This argument is central to several important legal actions which are underway. It is very simple to change these rules now rather than face the certainty of legal decisions. Third and fourth parties do not have right to adjust Lenders valuations made in contract of trust - simply because they can mumbo jumbo the hind legs off a pogo stick to sell marbles in Zamboanga carries no weight or legitamacy. Mark-to-market is a charter to defraud. It must end.

So, eyes front, chins out.............. lets put stocks and shares on an unending upward march that can only falter upon poor performance. Prices will set records by the minute climbing through the roof. The underlying economy will be set in......... concrete fueled by skilled endevour and not the mumbo jumb0 accountants have come to love. Bottom line, l say. Bottom line. If you cannot believe or understand this proposition - do not worry. Just believe, it makes things so much simpler and has kept christianity going some 2,000 years.
Write downs get written up - not off. THIS IS A STUPID LINK (url) - do not click it.

_

[mireland]

[herosrest]

Did ya get a response to your e-mail yet?

[herosrest]

_

CLICK Now - Traders and their accountants and.. the WuRu's they worship (WuRu - Wizard Guru - ie Prats) and their feeding chain of Bonus will deploy books and reams of trading charter qualifying their position.
It is mumbo jumbo - bend them to over. They need to be spanked! HARD.

They are wrong - in fact, law, practise and principal.
Trade wind - passed by accountants adjusting bottom lines.

The practice of mark to market as an accounting device first developed among traders on futures exchanges in the 19th century. It was not until the 1980s that the practice spread to big banks and corporations far from the traditional exchange trading pits, and beginning in the 1990s, mark-to-market accounting began to give rise to scandals.

_[/COLOR]

[herosrest]

If you use someone's wealth to underwrite your business - you reward them
Not rob them blind.

[herosrest]

[herosrest]

If you use someone's wealth to underwrite your business - you reward them
Not rob them blind.

It is quite a good idea also - to know what you are doing.

These guys did and skipped off all around the world.
Probably worked at a firm near you before the brown stuff started flying about. Watch the write downs - never forget them. They have a funny habit of coming back to life in some one elses hands. Like hidden assets in a busted bank.

Written down - not written off. 0 zero value still on the books - till DR. Mumbo Jumbo drops in.

[herosrest]

Puzzle - Alpine Sun. Frequents high places and covers your back.

[j.m@talk]

The OP don't know "A" From "B"

[herosrest]

04-26-2008, 03:30 PM I posted the item linked. It was part of this topic. Click.

"eg
____Figures indicate that total production is increasing. Hoorah.
Unfortunately the numbers include Liquid gas - which is where the actual increasing production is taking place.
Try running yer motor on liquid gas. Boo.

So the data is misleading - like just about everything in modern day life. Hohum."

During 6 months - oil price doubled - April toOctober. It was a sting. It is possible now, to discern where the money went and therefore what went on.

This is not the case with VAST sums being pumped into banks and institutions. Defaulting home loan borrowers have not caused this size of damage. So...... wad is occuring. Well, suprise, surprise. Di nada - all that lovely huge dosh is nowhere to be seen. How can that be so? What goes in must come out. That is a basic reproductory. l pointed out my hatred for gamblers previously. Scum of the earth they are. Spreading risk is a highly specialised, totally professional skill developed by experienced and capable lnsurers who can during good years prove themselves the most valuable individuals alive. It's a game but they know what they are doing. Everyone of us relies on them and trusts them such that their reward is supreme. Some Morons have programmed theory and sold it as software which no-one understood. This was not a public mistake and the markets should be left to sort out the mess they made - however painful.
People who knew - saw this coming and are minting it.

This is what the banks took up and didn't even half-bake. They have been conned and are being robbed. There is no disaster of failure equal to the sums of money being pushed out. As sure as God made li'l green apples there are multiple claims spread across continents. This was risk aversion (Insurance) gone insane. Risk taking is an art, it attracts gamblers who are addicts and have no control. These derivates are part of the Pension and Savings industry portfolio's and they need to talk up.

We made a li'l cockup - so sorry - help us out for the next 10 years 'cos everyone of us is to embarrased to own up.
Say sorry to who ever is at the end of this pig trough and tell them to sue.
It's time to let those balls drop and get real.... or explain!

Nothing can be done, is childish. Forget about is pathetic. They took the money now pay up - no - renegotiate or stick up the burd - cos 10 years of this will bankrupt everyone for one persons foolishness. There's family and the there's family. You took the money not everyone else. That's the market, remember. It's a jungle.

[mireland]

The OP don't know "A" From "B"

[herosrest]

Cloaked in gobbledeegook unless you already knew - buried in early reports, as the IMF realised the nature and scale of this event - is vague reference to requirements to upgrade and improve methods and controls of 'RISK ASSESSMENT' - the software was ****.
The people using - also belong on the wet end of loo paper.
ooh here's a machine to do it all. Feet up. SMILE look busy - god l hope it's a big bonus this year, just the thought turns me on. Woops....... nodded off.

[herosrest]

Think Tools AG was a Swiss IT company that characterized the dot com bubble in Europe. The company was founded by the philosopher Albrecht von Müller as a consultancy company in 1993. The company developed tools for supporting corporate problem solving. Klaus Martin Schwab is a Swiss economist and businessman, best known as the president and founder of the World Economic Forum (DAVOS). Schwab participated in the controversial Swiss IT company Think Tools AG as its vice chairman of the advisory board and as a shareholder through World Communications Development. He resigned from the vice chairman post after the first controversies about the company emerged. Professor Schwab is entering the history books having stated that 'the current situation was a perfect example of where banks could take the lead and devise a system of self-regulation,................'

[j.m@talk]

CAULK!

[mireland]

CAULK!

aka: male chicken.