Posted:
#101
I need to look it over myself.
If it is a loan then all they did is swap CDO liabilities to a loan..which is better I guess but they also took a 500M hit in doing so.
If it is a sale, then they take the hit and move on but the liability is gone and cash is asset..and that isnt so bad.
I will snoop and see.
Either way it seems like they are trying to sell themselves or at least shed themselves of the bad part of the business.
If it is a loan then all they did is swap CDO liabilities to a loan..which is better I guess but they also took a 500M hit in doing so.
If it is a sale, then they take the hit and move on but the liability is gone and cash is asset..and that isnt so bad.
I will snoop and see.
Either way it seems like they are trying to sell themselves or at least shed themselves of the bad part of the business.
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