{"id":192135,"date":"2009-05-07T17:28:00","date_gmt":"2009-05-07T22:28:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/07\/more-evidence-that-the-fix-was-in-on-the-stree-tests\/"},"modified":"2009-05-07T17:28:00","modified_gmt":"2009-05-07T22:28:00","slug":"more-evidence-that-the-fix-was-in-on-the-stree-tests","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/07\/more-evidence-that-the-fix-was-in-on-the-stree-tests\/","title":{"rendered":"More Evidence that the Fix Was In on the Stree Tests"},"content":{"rendered":"<p>As Peter Boockvar observes, they can <a href=\"http:\/\/www.ritholtz.com\/blog\/2009\/05\/morning-notehow-do-you-raise-capital-without-having-to-raise-capital\/\">raise the capital through a simple accounting trick<\/a><\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Considering that they\u2019ve already received $45b in preferred stock from the US taxpayer, an accounting maneuver of converting that to common can, Voila, cure their capital needs without raising a penny of new money, a move that even the magician David Copperfield would be in awe of.<\/p><\/blockquote>\n<p>Just delightful.<\/p>\n<p>Everyone gets a gold star, and all the test takers are cheating.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Peter Boockvar observes, they can raise the capital through a simple accounting trick Considering that they\u2019ve already received $45b in preferred stock from the US taxpayer, an accounting maneuver of converting that to common can, Voila, cure their capital needs without raising a penny of new money, a move that even the magician David &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985],"tags":[],"class_list":["post-192135","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192135"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192135"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}