Chrizo
Escapist Extraordinaire.
You're probably here because:
Chicks
Funny Shit
I make sense
I LOL at stupid shit
And I'm The Kitten's greatest fan.
I love:
Advertising and Marketing Concepts
My Country
The Kitty
This Tumblr also serves as a repository of my varied interests and randomness.
You've been warned.
Credit Derivative Strategies by Rohan Douglas
Read excerpt HERE.
Author’s creds:
Rohan Douglas, editor of this volume, is the founder and CEO of Quantifi Inc., a leading provider of pricing models and risk analysis tools for structured credit. He has more than twenty-five years of experience in the global financial industry. Prior to founding Quantifi, he was the director of global credit research at Citigroup and Salomon Smith Barney where he worked for ten years. Douglas has worked in interest-rate derivatives, emerging markets, and global fixed income. He is also an adjunct professor in the graduate financial engineering program at Polytechnic University in New York and at the Macquarie University Applied Finance Centre in Australia and Singapore.
“A Case of Plunder”
Niloko na nga sa over-valued na halaga, naloko pa ang Bangko Sentral, na binayaran ng “mickey mouse” torrens title, issued during the Japanese occupation. At ninakawan ng lupain ang mga mahihirap na magsasaka. Will wonders never cease?
“The Road to Nowhere”
By moving the C-5 Road “elsewhere,” not only has the cost of construction expanded, but the purchase of right-of-way has multiplied.
Worse, criminal in fact, is that by so doing, government throws away 1.2 billion precious pesos paid out in road right-of-way rights to private landowners, chief of which is the Amvel of Bro. Mike Velarde.
How was this done? How was the original plan scrapped, and the road effectively moved elsewhere? Ask the spouses Manuel and Cynthia Villar, now Senate President and lone representative of Las Piñas City in the Lower House.
For when Villar the husband was yet the chairman of the Senate Finance Committee back in 2004, he and his Cynthia worked out a project proposal with the Department of Public Works and Highways, providing funds amounting to 710 million pesos, for road construction and “road right-of-way” payments in the newly-moved location of C-5. For that year alone, 355 million was allocated for right-of-way settlements. And clearly, Villar and his family corporations own so much of these properties. From the public monies appropriated in the budget Villar “amended” – to his own pocket, right?
It gets worse in the comments. Wow.
