Rollups by BankAtlantic Financial Corp: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Second Congress, First Session ... July 10, 1991, Volume 4 |
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Page 3
... fact , it is not clear that they had much say in whether or not they were going to prop up the bank or not . It is very clear that they have suffered a small benefit , if any , from their kind- ness - voluntary or otherwise - in ...
... fact , it is not clear that they had much say in whether or not they were going to prop up the bank or not . It is very clear that they have suffered a small benefit , if any , from their kind- ness - voluntary or otherwise - in ...
Page 6
... fact , Mr. Levan told the subcommittee staff that buying the bank was a mistake . Public real estate limited partnerships such as those syndicated by BankAtlantic were very common in the 1980's . They were de- signed to allow the small ...
... fact , Mr. Levan told the subcommittee staff that buying the bank was a mistake . Public real estate limited partnerships such as those syndicated by BankAtlantic were very common in the 1980's . They were de- signed to allow the small ...
Page 8
... fact , OTS officials told us that the three rating was leaning towards four . A rating of one indicates good financial health , while a rating of five indicates insolvency . A Miami banking consultant recently described the bank in ...
... fact , OTS officials told us that the three rating was leaning towards four . A rating of one indicates good financial health , while a rating of five indicates insolvency . A Miami banking consultant recently described the bank in ...
Page 11
... fact , we asked Mr. Levan that question and said when you were moving forward with this plan how did you take into consideration your fiduciary re- sponsibility to the limited partners , the investors in the real estate . His answer ...
... fact , we asked Mr. Levan that question and said when you were moving forward with this plan how did you take into consideration your fiduciary re- sponsibility to the limited partners , the investors in the real estate . His answer ...
Page 12
... fact that you already have buyers lined up and that you have a pretty good plan on exactly what you are going to be able to do here , that could create a potential problem . Short of that , we see nothing that would be in a fraud type ...
... fact that you already have buyers lined up and that you have a pretty good plan on exactly what you are going to be able to do here , that could create a potential problem . Short of that , we see nothing that would be in a fraud type ...
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Common terms and phrases
$30 million Administrative affiliates Alan Levan amount appraised value approximately assets bank holding company BankAtlantic Financial Corporation BankAtlantic's bankers believe BLILEY capital requirements cash CHAFIN Chairman clients commercial banks Commission's committee concerns CONGRESS THE LIBRARY debentures DINGELL disclosure dollars Dory Doty entity Exchange Commission fairness FDIC federal securities laws fiduciary breach fiduciary duties filed financial services firm funds Glass-Steagall Glass-Steagall Act Goldman Sachs HARPER'S MAGAZINE HENRY I.R.E. Real Estate industry infused institution investors involved issue junk bonds LIBRARY OF CONGRESS limited partners limited partnerships Managing General Partner matter paid percent Property Management Fees proposed prospectus proxy question real estate real estate investment received registration statement Reimbursement for Accounting roll-up transactions rollup ROWLAND rules RYAN Second Roll-up Securities and Exchange Series 21 sold solicitation staff subcommittee taxpayer tell testimony tion U.S. Capital Securities vote WEINSTEIN worth
Popular passages
Page 91 - Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made, to any prospective purchaser any representation contrary to the foregoing provisions of this section.
Page 91 - The fact that a proxy statement, form of proxy or other soliciting material has been filed with or examined by the Commission shall not be deemed a finding by the Commission that such material is accurate or complete or not false or misleading, or that the Commission has passed upon the merits of or approved any statement contained therein or any matter to be acted upon by security holders. No representation contrary to the foregoing shall be made.
Page 91 - Neither the fact that the registration statement for a security has been filed or is in effect nor the fact that a stop order is not in eifect with respect thereto shall be deemed a finding by the Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean...
Page 98 - ... under Section 12(1) of the Securities Act alleging violation of the registration requirements of Section 5 of the Securities Act.
Page 78 - ... listed on the New York Stock Exchange ("NYSE") or the American Stock Exchange ("AMEX") or traded on NASDAQ.
Page 146 - If you have no objection then to testifying under oath, would you please rise and raise your right hand. [Witness sworn.] Mr. DINGELL.
Page 106 - We will stand in recess for about 5 minutes. [Brief recess.] Mr. DINGELL. The subcommittee will come to order. Mr.
Page 127 - Chairman Subcommittee on Oversight and Investigations US House of Representatives Washington, DC 20515 Dear...
Page 127 - THE FEDERAL POWER ACT This memorandum analyzes the legal impact of the Supreme Court's Colton...
Page 75 - But §14a doesn't pose responsibility for false and leading proxy statements. Although a corporate transaction's 'fairness' is not, as such, a federal concern, a proxy statement's claim of fairness presupposes a factual integrity that federal law is expressly concerned to preserve.