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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (49988)	1/17/2006 1:19:01 PM
From: shades	Read Replies (1) \| Respond to of 110194

hehe - thats a good strategy - Mish said we got to keep wages inflated - 40 million dollar bonuses a good way eh? The SEC wants to change corporate salary reporting - Identifying all bonuses and perks and options and such - they claim to give more info to the shareholders - that way if goldman sachs bonuses keep staying in the 40 million dollar range for one dude - it is the investors choice. Goldman just bought a lot of non performing loans from the euro boys - the banks are in death throws to try and hold thier power over our world - will they win? Message 22068370 forbes.com MUNICH (AFX) - Unicredito Italiano SpA unit HVB AG said it has agreed to sell 2.17 bln eur worth of sub- and non-performing real estate loans to Goldman Sachs Group. No financial details of the deal were disclosed. 'This transaction is further evidence of the steady progress we are making in reducing the RER (real estate restructuring) portfolio,' said HVB board member Johann Berger. 'With this transaction, we are more than half-way there, and are fully on track to meet our goals.' He also indicated that further transactions may follow in the course of this year. The sale to Goldman Sachs -- which is subject to approval by the company's annual general meeting on May 23 as well as by regulatory authorities -- is expected to close in the second half of this year. This transaction and HVB's own efforts to whittle down underperforming and non-performing loans has reduced the volume of the company's Real Estate Restructuring (RER) portfolio -- into which it last year bundled its ailing real estate exposures -- by some 6 bln eur, to under 10 bln eur.