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GLG News by Fleet Management Experts

John Salomone, Managing Director
Structured Finance International, LLC
August 18, 2008
Factor In Reality
Analysis of: Bank Debt Risk Rises as Writedowns, Losses Exceed $500 Billion (www.bloomberg.com)
Write downs are not actual losses and a mark-to-market loss is not a cash loss. Widening spreads in the credit default market, although real, must be recognized for what they are; namely, market monetization of perceived risks compared to recent backwards looking asset and cash flow valuations. Recovery...
Douglas Hall, Proprietor
Douglas Hall, Proprietor
RTF, LLC
Analysis of: Detroit’s race against time : Will the Big Three’s cash last long enough for them to fix themselves? (www.economist.com)
Chrysler LLC announced it was exiting leasing entirely in July and GMAC has discontinued leasing in their Canadian market. This in it self may be considered a risk management avoidance given the current market status, however I find it interesting that Chrysler LLC is owned by Cerberus and Cerberus...
Mark Mariotti, CEO
Mark Mariotti, CEO
Future Management Holdings Inc
August 12, 2008
It's a cycle, stupid!
Analysis of: Will Tom McKillop resign from Royal Bank of Scotland? (business.timesonline.co.uk)
Yes, it is a mess - I have seen about 3 or 4 cycles such as these over the last 30-years.  We have all seen this mess coming years ago. In 2004, a vast amount of mortgage originators were doing some very creative things to sell mortgages. HEOPA and high cost was in effect while these negative...
Mark Mariotti, CEO
Mark Mariotti, CEO
Future Management Holdings Inc
Analysis of: Wall Street braced for further $11bn writedown at Citigroup (business.timesonline.co.uk)
a) markets self correct b) yes all sorts of pain occurs c) the cycle continues... lows become floors and investors flood in
Mark Mariotti, CEO
Mark Mariotti, CEO
Future Management Holdings Inc
Analysis of: Chrysler Offers Gas Deal To Jolt Sales (online.wsj.com)
For many decades, the world's refined petrolium gasoline consumer  have not had such a plentiful and affordable stream of energy. Finally, the US refined petrolium gasoline consumer has experienced a history of $.27 a gallon in the sixties to $4.50 a gallon today. Price, will eventually CHANGE...
Analysis of: IT'S TIME TO STOP AMERICA'S ADDICTION TO FOREIGN OIL (www.pickensplan.com)
Due to the economic and security issues involved in our oil dependence the United States must develop a cohesive national energy policy.  A policy that relies on the development of alternative energy sources.  The United States derives 70% of its oil from foreign sources, which is a economic...
Analysis of: Clearwire expects 30m subscribers by 2017 (www.wimaxday.net)
As technology goes, so goes WIMAX... * Broadband devices will become faster, better, cheaper and smaller. * Consumer thrist for immediate communications anywhere, anytime will not abate. * GSM speeds cannot keep up with even today's consumer expectations for instant gratification. * New Value Added...
Analysis of: G.M. Chief Dismisses Crisis Talk As Inaccurate (www.nytimes.com)
Since a combined Ford and GM could be potentially 40% to 50% smaller than the two individual companies, because of overlapping products, there are a couple of better options for Ford and GM.
Analysis of: General Motors may bring new mini car to U.S. (How Many Years Will It Take GM To Decide?) (www.msnbc.msn.com)
With a fully loaded team of designers and engineers around the globe GM is not using its capabilities to go fast to market with minicars in the North American arena. For decades the full size pick ups and large SUV's have been the primary source of revenue for GM in this market. Now, with...
Mark Mariotti, CEO
Mark Mariotti, CEO
Future Management Holdings Inc
Analysis of: HP to Acquire EDS for $13.9 Billion (www.hp.com)
HP is a long time solid provider of computer hardware, and EDS (founded the information technology out-sourcing industry more than 45 years ago) is a longtime provider of system services. The Plan of Merger, dated as of May 13, 2008, by and among EDS, Hewlett-Packard Company and Hawk Merger...

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