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Equity Financial

Lesson Four: What is Equity? - Financial Aid with Professor Birdthistle

Lesson Four: What is Equity? See also: Introduction Lesson 1: What is a Company? Lesson 2: What is a Bank? Lesson 3: What is Debt? Lesson 5: What ...

GE Capital has 'zero equity value,' Bank of America says after deep dive analysis

GE has established bank lines worth $40 billion to stop gap GE Capital in the event of a credit rating downgrade, which Bank of America estimates will sustain the business through 2020.

"[But] there is little room for error from the execution standpoint or [for] another sizable charge at GE Capital," Bank of America wrote.

The Securities and Exchange Commission opened an investigation into General Electric's accounting practices in the wake of the conglomerate's review of its insurance business. On Jan. 16, GE revealed it had conducted a review of its GE Capital insurance portfolio and decided to take a $6.2 billion after-tax charge in the fourth quarter of 2017, and contribute $15 billion over the next seven years to shore up the portfolio's reserves. The SEC is investigating both the process that led to the insurance reserve increase and the fourth-quarter charge, GE Chief Financial Officer Jamie Miller said at the time.

In addition, the U.S. Justice Department has opened an investigation in connection with alleged subprime mortgage violations. GE said in a regulatory filing Feb. 23 that the company faces allegations that GE Capital, and its now defunct WMC Mortgage business, violated U.S. law in connection with subprime mortgages.

Federal Finance: The anatomy of equity

A considerable amount of heat has been generated around the terms of reference (TOR) of the 15th Finance Commission, such as the suggestion that 2011 population data be used. The heat needs to be supplemented with illumination from Constitutional provisions and the historical evolution of federal finance in India. Article 280 is about the Finance Commission. While Article 280(2)(a) is about the horizontal division of the divisible pool between Union and state governments and the vertical distribution of the aggregate state share between states, one cannot wilfully forget Article 280(2)(b). This states, it shall be the duty of the Finance Commission to make recommendations about “the principles which should govern the grants in aid of the revenues of the States out of the Consolidated Fund of India”.

Unlike Article 282 of the Constitution, there is no suggestion of this being discretionary. Paragraph 8.13 of the 14th Finance Commission’s report stated, “However, a compositional shift in transfers from grants to tax devolution is desirable”, and there was an entire chapter (Chapter 11) on grants in aid. Those paragraphs and that chapter suggest 14th Finance Commission took grants in aid to mean Article 282, such as centrally sponsored schemes (CSSs). Therefore, except for local bodies and disaster management, it scrapped grants in aid and presumed formulae (with appropriate weights) would take care of everything. If this proposition is correct, on both legal and Constitutional grounds, logic dictates preceding finance commissions, which recommended grants in aid of the non-CSS variety, must have erred. At that time, there were no howls of protest that everything must be formulae-driven.

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I would really like to learn about the whole financial system i do watch bloomberg occasionally but because i don't the know the basics it's sometimes hard to follow...

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