SEC and Corporate Audits: Failure of ESM Government SecuritiesU.S. Government Printing Office, 1985 - Auditors |
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Page 53
... Liabilities - Loans Payable ( Term Repos ) $ 1,324,472,000 ( 1 ) $ 1,621,481,000 ( 1 ) 1,621,481,000 ( 2 ) 1,324,472,000 ( 2 ) $ 2.945.953.000 $ 2.945.953.000 ( 1 ) Trades with the public ( 2 ) Trades with Group Only the identical cross ...
... Liabilities - Loans Payable ( Term Repos ) $ 1,324,472,000 ( 1 ) $ 1,621,481,000 ( 1 ) 1,621,481,000 ( 2 ) 1,324,472,000 ( 2 ) $ 2.945.953.000 $ 2.945.953.000 ( 1 ) Trades with the public ( 2 ) Trades with Group Only the identical cross ...
Page 56
... liabilities was removed from Government . Secondary repos to Group were created . Cash was transferred from Government to Group . Cash then was transferred from Group to Financial . Government transferred losses to Financial . Financial ...
... liabilities was removed from Government . Secondary repos to Group were created . Cash was transferred from Government to Group . Cash then was transferred from Group to Financial . Government transferred losses to Financial . Financial ...
Page 64
... liabilities reflected on the audited balance sheet , even though there were substantial retained earnings increases , net after dividends , from 1980 through 1984 , exceeding $ 120,000,000 . Thus , since Government paid no taxes , its ...
... liabilities reflected on the audited balance sheet , even though there were substantial retained earnings increases , net after dividends , from 1980 through 1984 , exceeding $ 120,000,000 . Thus , since Government paid no taxes , its ...
Page 129
... although the E.S.M. profits on either coal or gas ΠΟ return to E.S.M. principals failed to earn outlays , the tax write - offs were of significant value in reducing or eliminating the individuals ' tax liabilities . Third 88 129.
... although the E.S.M. profits on either coal or gas ΠΟ return to E.S.M. principals failed to earn outlays , the tax write - offs were of significant value in reducing or eliminating the individuals ' tax liabilities . Third 88 129.
Page 130
... liabilities . Third , for all their status as investment experts , it appears that the E.S.M. principals themselves were oversold by shrewd local promoters . The investigation of energy interests remains open at this time to follow up ...
... liabilities . Third , for all their status as investment experts , it appears that the E.S.M. principals themselves were oversold by shrewd local promoters . The investigation of energy interests remains open at this time to follow up ...
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Common terms and phrases
accepted accounting principles accounting principles acquired acquisition agency agreement American Savings approval arbitrage assets and liabilities audit basis Beverly Hills Savings BLACK BRILOFF business combination Certificates Chairman Gray CHRISTY committee confidential conflict of interest Counsel DINGELL Director documents equity Ewton examination reports Exchange Act fair value FASB Federal Home Loan Federal Savings FHLBB filed financial statements firm FSLIC funds GAAP going goodwill Government Securities hearing Home Loan Bank insured institutions intangible assets involved Kamp letter liquidation Loan Association Loan Bank Board Loan Insurance Corporation LUKEN matters million Mostek net worth NEUBERGER Office Ohio percent principal problems purchase question Raiden Receiver/Trustee record recusal regulations regulatory repo repurchase repurchase agreements request response reverse repo Savings and Loan Shepard Broad SIKORSKI staff Supervisory Agent Task Force Thomas Tew tion transaction voting trust Warner Washington worth WYDEN ZIMMERMAN
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