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PMI Group Inc. Message Board

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  • paidbasher38291 paidbasher38291 Dec 9, 2009 4:13 PM Flag

    pmi's downgrade is coming

    yeah, their totally manipulated gaap numbers were great (still a loss), totally dependent on them manipulating their reserves so they wouldn't break the regulatory limits, if they had kept their reserve per delinquent loan level steady from q2 to q3, they would have lost an additional 1.60 per share, but they of course lowered it, in order to create the numbers they needed to, but sooner or later reality catches up, and when it does, which should be soon, this company will be forced into runoff and equity holders will be wiped out.