12-08-2013, 12:24 AM
Will it create another sub-prime crisis?
12-08-2013, 12:24 AM
Will it create another sub-prime crisis?
12-08-2013, 12:34 AM
(11-08-2013, 11:34 PM)Stockerman Wrote: This is a brilliant move. This is akin to asking your neighbours to see if anyone wants to buy your "trash". There would always be buyers if the yield is high enough. there aren't exactly toxic loans, they are just loans. Stupid investors pay a high price for a loan which is not worth the money, that's the cause of toxicity. So stupidity creates toxic loans, not the loan originators/packagers.
12-08-2013, 10:22 AM
(12-08-2013, 12:34 AM)freedom Wrote:(11-08-2013, 11:34 PM)Stockerman Wrote: This is a brilliant move. This is akin to asking your neighbours to see if anyone wants to buy your "trash". There would always be buyers if the yield is high enough. IMO, the real culprit of the toxicity was, AAA rating for re-packaged low quality sub-prime loans, and sold as quality products to investors. Of course, most investors were not smart enough, and had taken it as long term investments.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
14-08-2013, 05:18 PM
China banks’ bad loans rise for seventh quarter
BEIJING – Non-performing loans at Chinese banks rose for the seventh consecutive quarter, climbing 13 billion yuan ($2.1 billion) to 539.5 billion yuan in three months ended June, and extending the longest streak in at least nine years, the Bloomberg news agency reported on Wednesday. Soured debt increased across all lender categories, including state-owned and regional banks, Bloomberg said, citing data from the China Banking Regulatory Commission. http://www.todayonline.com/business/chin...th-quarter
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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