Even as Mr. Picard gathers up assets, fights are brewing over how much will be paid out. Mr. Picard has said he intends to pay claims on a "net equity" basis, or the difference between what customers put in and what they took out.
Many former Madoff customers want more. Some said their claims should be based on what was shown on their November 2008 account statements, which reflected balances of nearly $65 billion, before the fraud collapsed. Several investors have sued Mr. Picard over the matter. The suits are pending.
Breakdown of AIG losses, alot of stuff that does make much sense.
One example is $4.4 billion as a result of a credit valuation adjustment: Meaning that since AIG has lost its triple A rating it must pay the insurance (CDS) holders money because the insurance policy (CDS) takes into account the failure to perform of both counterparties.
And FTW is this ... $21 billion in lost tax benefits. How can you have no income and lose more money because you lost tax benefit? And what type of tax benefits was AIG getting that was worth 20 Billion dollars?
We had a great time on the beach at Assateague, and can't wait to go again. Allison and Kaleah might convince me to pony up the cash for the ticket. ALso check out the pictures:
We used picasa for file uploads, if I can figure out how to transfer some i will.
http://picasawe
Grandmom's have to file a tax return to get their stimulus package. Bre you should see if Grandmom I can get it.
http://video.msn.com/?mkt=en-us&vid=fe1255b6-bfee-48e9-afc8-b02c04596b40...
Can I have one that is for Software Engineering?
Heres the title:
3 years Programming Java
Complete SDLC
Knowledge of Oracle Database and SQL
Allison will be going under the knife on October 16th. She will be having a knee injury corrected. She is in the rare group that develops a bone or ossicle in the knee area. It is outpatient surgery, but it does stop her activities for 6 weeks. Here is an article that describes alot about the disease. Pray for a possitive surgery and a good recovery.
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