{"id":1028,"date":"2007-11-27T15:48:11","date_gmt":"2007-11-27T20:48:11","guid":{"rendered":"http:\/\/brucegarrett.com\/brucelog\/1028"},"modified":"2007-11-27T15:48:11","modified_gmt":"2007-11-27T20:48:11","slug":"for-tax-year-2007-i-will-not-be-bringing-my-schedule-c-income-onto-my-balance-sheet","status":"publish","type":"post","link":"https:\/\/brucegarrett.com\/brucelog\/1028","title":{"rendered":"For Tax Year 2007 I Will Not Be Bringing My Schedule C Income Onto My Balance Sheet"},"content":{"rendered":"<p>Via Atrios&#8230;&nbsp;<\/p>\n<blockquote>\n<p>From CNBC: &quot;Citigroup will not be bringing its SIV assets onto their balance sheet.&quot;<\/p>\n<\/blockquote>\n<p>SIV = <a href=\"http:\/\/en.wikipedia.org\/wiki\/Structured_investment_vehicle\">Structured Investment Vehicle<\/a>.&nbsp; The Wiki article isn&#8217;t bad&#8230;go read it for some insight into why big capital is getting anxious about what&#8217;s happening now due to the sub-prime mortgage collapse.&nbsp; Basically what Citigroup is trying to do here is a little creative Enron style shell company book keeping in the hope of propping up their market value.&nbsp; <em>Oh no&#8230;those aren&#8217;t Our worthless assets&#8230;they belong to that company over there&#8230;er, the one we created to hold those worthless assets&#8230;<\/em> What&#8217;s&#8230;astonishing&#8230;is how brazen they&#8217;re apparently being about it.\n<\/p>\n<p>And you thought the stock market was the only form of gambling Wall Street did.&nbsp; Oh goodness no&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Via Atrios&#8230;&nbsp; From CNBC: &quot;Citigroup will not be bringing its SIV assets onto their balance sheet.&quot; SIV = Structured Investment Vehicle.&nbsp; The Wiki article isn&#8217;t bad&#8230;go read it for some insight into why big capital is getting anxious about what&#8217;s happening now due to the sub-prime mortgage collapse.&nbsp; Basically what Citigroup is trying to do [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[34,19,6],"class_list":["post-1028","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-george-bushs-america","tag-the-jackass-chronicles","tag-the-right-wing-mindset"],"_links":{"self":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/posts\/1028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/comments?post=1028"}],"version-history":[{"count":0,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/posts\/1028\/revisions"}],"wp:attachment":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/media?parent=1028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/categories?post=1028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/tags?post=1028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}