View Single Post
      09-25-2020, 07:21 AM   #9
David70
Colonel
United_States
1567
Rep
2,665
Posts

Drives: 06 Z4M Coupe - 13 Cadillac ATS
Join Date: Apr 2012
Location: Cincinnati, OH

iTrader: (1)

Quote:
Originally Posted by mkoesel View Post
So then, in conclusion, the penalty for cheating is approximately 1/1000th of the resulting income. Got it.

Quote:
Originally Posted by davidr3 View Post
18M for the 18B they got, what a deal
They used inflated numbers in the process of issuing new bonds. Bonds are not profit but instead a way to raise money that is later repaid to the person that buys the bond. They still have to pay them back, they just get better terms/rates by showing better business numbers.

Extremely similar to you telling your bank your income was higher than it really was to get a better rate on your $200k home loan. As an example, you get a 3% rate instead of 4%. The $200k loan is not profit, the lower rate saves you a small part of the loan. Wouldn't make sense to give you a penalty anywhere close to $200k because of the slightly better rate you got.
__________________
2006 Z4M Coupe - Stromung exhaust, ZHP knob, stubby antenna, clutch delay delete

Last edited by David70; 09-25-2020 at 07:39 AM..
Appreciate 4
heavyD^23684.00
F32Fleet3539.50
Dinh335711.00
labfm6.00