Epstein Secrets

city. However, while a few contractors (including GM Hughes, Grumman, and McDonnell Douglas) have div

figures 1.1.1-3 above. This data suggests that a Maxwell-Boltzmann distribution also provides a very good

rprising, as it is known that the log- normal and the Maxwell-Boltzmann have exponential tails, and so are not

000,000 worth of debt on their homes. Also, very large housing subsidies have been provided through the underwriting policies of the GSE's primarily Freddie Mac and Fannie May. The effects of these gross distortions to the market have been disastrous, not just to the US but to the whole world, as the credit

unmitigated disaster. New York Central was in trouble anyway. it's not like their problems were caused by activism. You can maybe even say the GM one, because Ross Perot didn't really get what he wanted. He got a lot of money. but he didn't change the company. JG: You have to wonder what

ur cash invested. There were lots of investors with great reputations that were pounding the table and saying things like. "Fannie Mae (FNMA) or Freddie Mac (FMCC) is the best idea that I've ever seen in my entire career." It's hard to be a young fund manager and hear Rich Pzena and Bill Miller, or

9 2.30 Gad 104 940.70 93910 Plamm (0/1 1203.00 1191.00 Uses Da/ 14.12 14.00 %CIL .1.98 -018 4.27 •101 4.88 AMMATtill ONE Pd. %OS GM OM 0.82 OJAI .063 COM It) 1.17 1.18 0.68 Cam 101 384 3.82 4346 Como (b) 0.53 0.53 0.91 UMW 0.000 td It) 202110 198.00 .142 mer Ar

s up slightly WksilINKITON —11w average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates on 30-year mort- gages fell to a record low of 4.78 percent earlier this year. But then they rose as high as 5.6 percent earl

60 General Motors PPIP* GMAC Chrysler TALF* GM Suppliers Chrysler Suppliers FHA* TARP Outstan

One-Time Charges to USA Inc. ($B) F2008 F2009 F2010 YTD* 4 Years Government-Sponsored Enterprises (GSEs) $14 $97 $41 _ $152 Fannie Mae -- 60 23 -- 83 Freddie Mac $14 37 18 — 69 Troubled Asset Relief Program (TARP)* - $261 -$26 -$23 $213 Banks -- 134 -85 -28 21 Automakers -- 78 -6 -14 58 AIG -- 49 -- 20 69 Indi

cash flow peaked at $6.3B 1999 — Reached a peak market capitalization of $61B 2006 — Revenue peaked at $207B 2009 — Filed for bankruptcy Why did GM file for bankruptcy? Products became increasingly uncompetitive. In addition, pension plans to support 650,000 retirees and their dependents (compar

s including the Social Security Trust Fund and federal employee / veterans’ pension fund) + net liability of GSEs (related to likes of Fannie Mae and Freddie Mac). - Represents a claim on both current and future resources. e We Focus on Public Debt Levels - Public debt is the base for calculating net interes