Post by
Eminencegrise on Aug 28, 2020 1:20pm
Reverse Ponzi Scheme 2.0
I agree with Veritas, the $1.5bil negative.Q2 is just the begining, BPY's asset portfolio is still WAY too far from true mark-to-market, and reported cash-burn WAY too optimistic, and BAM's not nearly reserving enough because the notion of "firewalls" between BPY's buildings and BAM's credit ratings is pure fantasy in the real world where bankers put in a day's work. If you still don't see the writing on the wall, then ask yourself, "If I were BAM with buildings full of angry bankers, who would I want working for me to face them?...BPY is wearing lead galoshes and BAM grip is slipping, not to worry though 'cause they're roped together.
Comment by
Eminencegrise on Aug 28, 2020 7:06pm
Have you read the Veritas report? Can you read? Your language would suggest you hav'nt finished your probation period and you're using your government cheque to trade loser companies you know nothing about, instead of paying your rent with it.