m******n
发帖数: 6327 | 1 http://www.politifact.com/truth-o-meter/statements/2008/oct/13/
The country's economic woes were a somber topic at the presidential debate
in Nashville, Tenn., on Oct. 7, 2008, with both candidates explaining their
thoughts on the root of the crisis.
"I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke,
and told them this is something we have to deal with, and nobody did
anything about it."
It's undisputed that Obama wrote the two officials a letter on March 22,
2007.
"The... 阅读全帖 |
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P*********0
发帖数: 4321 | 2 http://www.politifact.com/truth-o-meter/statements/2008/oct/08/
Obama sounded the alarm on subprimes
Share this story:
As the U.S. and world economic systems continue to falter, both Sens. John
McCain and Barack Obama claim to have seen the crisis coming to some degree,
and tried to head it off.
McCain has cited his endorsement of legislation in 2006 that would have
reined in Fannie Mae and Freddie Mac somewhat. And at the second
presidential debate, Obama cited a letter he wrote to federal offi... 阅读全帖 |
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h*******y
发帖数: 864 | 3 If you bet against the consumer, you're going to lose every time in history.
That is true for the past 10 years, that is true for the past 50 years
including the last stagnation.
Now consumer spending is in a tough test now, but I beg to differ here. For
simplicity, I will classify the consumers into subprime, alt-a and prime.
Subprime ones are the ones who do not have stable jobs, like many of the
Mexican who have lost their jobs in construction. They are the ones who are
hurt most by the slowi |
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s******d
发帖数: 323 | 4 ☆─────────────────────────────────────☆
heartinny (小胖子 VS 大胖子) 于 (Wed Nov 21 17:36:21 2007) 提到:
If you bet against the consumer, you're going to lose every time in history.
That is true for the past 10 years, that is true for the past 50 years
including the last stagnation.
Now consumer spending is in a tough test now, but I beg to differ here. For
simplicity, I will classify the consumers into subprime, alt-a and prime.
Subprime ones are the ones who do not have stable jobs, like many of t |
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B*********h
发帖数: 800 | 5 http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWSYYMxGIldo
Lehman Brothers Shuts Down Subprime Unit, Fires 1,200 (Update4)
By Yalman Onaran
More Photos/Details
Aug. 22 (Bloomberg) -- Lehman Brothers Holdings Inc., the biggest underwrite
r of U.S. bonds backed by mortgages, became the first firm on Wall Street to
close its subprime-lending unit and said 1,200 employees will lose their jo
bs.
Shuttering BNC Mortgage LLC will cut third-quarter earnings by $52 million,
Lehman said in a stat |
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x**y
发帖数: 10012 | 6 The subprime mortgage financial crisis refers to the sharp rise in
foreclosures in the subprime mortgage market that began in the United States
in 2006 and became a global financial crisis in July 2007. Rising interest
rates increased newly-popular adjustable rate mortgages and property values
suffered declines from the demise of the housing bubble, leaving home owners
unable to meet financial commitments and lenders without a means to recoup
their losses.
The sharp rise in foreclosures after th |
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b***k
发帖数: 2673 | 7 ☆─────────────────────────────────────☆
BulletTooth (DesertEagle.50) 于 (Wed Aug 22 21:43:05 2007) 提到:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWSYYMxGIldo
Lehman Brothers Shuts Down Subprime Unit, Fires 1,200 (Update4)
By Yalman Onaran
More Photos/Details
Aug. 22 (Bloomberg) -- Lehman Brothers Holdings Inc., the biggest underwrite
r of U.S. bonds backed by mortgages, became the first firm on Wall Street to
close its subprime-lending unit and said 1,200 employees will lose the |
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q****8
发帖数: 150 | 8 Housing bust, subprime claim another bank CEO
Wachovia's Thompson ousted after ill-timed mortgage bet forced losses
Last update: 9:46 a.m. EDT June 2, 2008
BOSTON (MarketWatch) -- Ken Thompson, chief executive of Wachovia Corp., on
Monday became the latest CEO casualty of the U.S. housing downturn and
related fallout from the subprime mortgage crunch.
Wachovia, the fourth-largest U.S. bank, said Thompson is retiring from the
company after being asked to leave by the board of directors. See full |
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p*****w
发帖数: 82 | 9 Financial engineers thrive despite the subprime mess
By Sharon Reier, Friday, August 1, 2008
International Heralds Tribune:
http://www.iht.com/articles/2008/08/01/business/wbquants.php?page=1
As the first anniversary of the August 2007 subprime mortgage meltdown
approaches, and world markets still reel, you would think that the people
who have received much of the blame - the math wizards, computer geeks and
other quantitative analysts collectively known as financial engineers -
would be in disg |
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t******t
发帖数: 40 | 10 1 I suggest you following the housing market a little bit.
2 At least you know what are the subprime, Alta and prime.
3 Price levels for typical deals may be too harsh for you. See if you can
get the information.
4 Risk is always the central issue. Especially for subprime desks now.
5 Deal structure and cashflow models. Don’t have to be detailed. Just have
them feel you're not totally ignorant. |
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k*****r
发帖数: 21039 | 11 大伙还没搞明白吗。大部分就是些会点matlab的作家, 科技民工。
看国内4代，空天飞机，根本靠的就是自己的人才。 611真要搞个米国博士回来，肯定
是成事不足败事有余。
我国成飞，华为，高铁为代表的高科技企业的疼飞，和在米国科技民工的萎缩和没落，
证明了米国的博士就是个subprime bubble。 建议以后教育部从严审查海外学历，理工
科的一律补考研究生入学的数学I，通过才能认证。
师。 |
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p***t
发帖数: 698 | 13 【 以下文字转载自 Stock 讨论区 】
发信人: ooseven (日行一善), 信区: Stock
标 题: Subprime毒垃圾的形成过程
发信站: BBS 未名空间站 (Thu Aug 16 00:55:27 2007), 转信
格林斯潘对美国房市危机难辞其咎
(博讯北京时间2007年8月16日 首发 - 支持此文作者/记者)
格老确实是出面了，而且是两次。第一次是2004年，格老觉得提供贷款的机构和买
房的老百姓胆子太小，因为他们还不是特别喜欢高风险的可调整利率贷款产品(Option
ARMs)。格老抱怨道：“如果贷款机构能提供比传统固定利率贷款产品更为灵活的选择，
那美国民众将会收益非浅。对于那些能够并且愿意承受利率变动风险的消费者来说，传
统的30年和15年固定利率贷款可能太昂贵了。”
于是房利美们，新世纪们和普通买房者们果然胆子逐渐大了起来，情况也果然越来
越离谱，房价也果然越来越疯狂。 (博讯 )
于是，17个月后，格老又出现在参议院听证会上，这一次，他却皱着眉说：“美国
消费者使用这些新的贷款方式(指Option ARM等)来负担他们原本无法 |
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c***s
发帖数: 1292 | 14 影响会有多大？
subprime lender受冲击很大，那么IB, Rating agency呢？ |
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c******s
发帖数: 58 | 15 Morgan Stanley's Subprime Submergence
Evelyn M. Rusli, 12.19.07, 10:30 AM ET
Everyone expected Morgan Stanley to take a hit. But few expected the
troubled investment firm to announce more than $9 billion in write-downs for
its fourth quarter. On Wednesday, the company said it lost 3.6 billion, or
$3.61 a share, versus a profit of $2.0 billion, or $1.87 a share, a year
earlier. It also announced it was turning to China to help shore up its
balance sheet.
Analysts, who do not have a particularly g |
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w*******a
发帖数: 21 | 16 有点不太明白，不知道GS 怎么突然不成了，据说他们就是做CDS 来short subprime 的 |
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s*****g
发帖数: 323 | 17 哪里的消息说不成勒？
？
有点不太明白，不知道GS 怎么突然不成了，据说他们就是做CDS 来short subprime 的 |
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b****w
发帖数: 692 | 18 过两天要跟一个subprime trader进行一个不太正式的面试，但完全不知道这样的desk
是做什么的。请大家帮忙
讲一下，像他们主要做什么产品啊，客户是哪些啦，现在市场怎样啦，用什么样的知识
啦，之类的。
谢谢！ |
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c**t
发帖数: 9197 | 19 But they did make it bigger and has global impact.
If they do not create so many CDO so they can bet aginst, the lender can not
sell them and get more money to again lend to more subprime home owner.
They basically turns a regional financing issue into global credit crisis.
But from trading point of view, it was an excellent idea and perfect
execution. Unless something illegal is found, you can only blame capitalism
itself. |
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B**W
发帖数: 2273 | 20 The Securities and Exchange Commission has sued the former chief executives
of Fannie Mae and Freddie Mac, accusing them of misleading investors about
risks of subprime-mortgage loans.
WSJ law reporter Ashby Jones stops on Mean Street to discuss the SEC's suit
brought against former Fannie Mae and Freddie Mac chief executives.
The lawsuits, filed in Manhattan federal court, also accused four other
former executives at Freddie Mac and Fannie Mae of making false and
misleading statements about the... 阅读全帖 |
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g********2
发帖数: 6571 | 21 September 28, 2016
Uh, Hillary, Your Hubby Caused the 2008 Recession
By Jack Cashill
On the debate stage Monday night, Hillary Clinton smugly repeated the big
lie that Democrats have been telling with something close to impunity since
2008.
“We had the worst financial crisis, the Great Recession, the worst since
the 1930s,” said Hillary. “That was in large part because of tax policies
that slashed taxes on the wealthy, failed to invest in the middle class,
took their eyes off of Wall Street, and... 阅读全帖 |
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g********2
发帖数: 6571 | 22 September 28, 2016
Uh, Hillary, Your Hubby Caused the 2008 Recession
By Jack Cashill
On the debate stage Monday night, Hillary Clinton smugly repeated the big
lie that Democrats have been telling with something close to impunity since
2008.
“We had the worst financial crisis, the Great Recession, the worst since
the 1930s,” said Hillary. “That was in large part because of tax policies
that slashed taxes on the wealthy, failed to invest in the middle class,
took their eyes off of Wall Street, and... 阅读全帖 |
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g********2
发帖数: 6571 | 23 September 28, 2016
Uh, Hillary, Your Hubby Caused the 2008 Recession
By Jack Cashill
On the debate stage Monday night, Hillary Clinton smugly repeated the big
lie that Democrats have been telling with something close to impunity since
2008.
“We had the worst financial crisis, the Great Recession, the worst since
the 1930s,” said Hillary. “That was in large part because of tax policies
that slashed taxes on the wealthy, failed to invest in the middle class,
took their eyes off of Wall Street, and... 阅读全帖 |
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X***9
发帖数: 7385 | 24 不怕再次被举报被删，自从第一次发此帖之后，有个叫一个叫nuaaers的就
一直跟着我的各种帖子在后面到处黑我。真是用心良苦啊。
还有一个时不时会黑我的id Milanol， 也是他当时回复这个帖子后才黑我的。
现在看来很有意思。原来一切事出有因。
原贴(稍许改了些错别字）：
买车的常识介绍与误区更正
2015-01-26 16:26
mitbbs | 车轮上的传奇
最近看到很多帖子说去看车如果开烂车去会不会被歧视，付现金会不会便宜，车行利息
会不会太高，车行会不会亏钱卖车之类的不同的sales价格会不会好种种问题，我来做
一个综合的回复并尽可能详细解释原因或举一些实际例子，让大家更了解车行的运作。
去买车的时候做一个Educated buyer 比什么都重要
排名不分先后，也可能会定期补充，并欢迎提问。
1． 开好车去车行看车才能被重视
错，其实我原来也不懂，自己去看车的时候怕被人认为没诚意还特意去租了个新车，然
后把租车标志去掉了，以为这样效果比较好。其实效果是相反的，越破的车越有吸引力
(只有一些特别豪华的品牌你开去的车太烂才会被怀疑购买能力，不过这样品牌的销售
一般是不会看... 阅读全帖 |
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w*********r
发帖数: 42116 | 25 八千还好了，一个月的工资，和美国差不多。
The Average Credit Card Limit
https://smartasset.com/credit-cards/the-average-credit-card-limit
The Average Credit Card Limit
According to Experian data, the average credit card limit as of December
2016 was $8,071. That’s relatively unchanged from December 2015, when the
average credit card limit was $8,042. As you’ll see below, there is a wide
range in credit card limits because consumers with low credit scores can’t
access high limits.
The Average Credit Limit by Credit S... 阅读全帖 |
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k**o
发帖数: 15334 | 26 CDO不是原因，CDO 1987年就开始搞了。如果underlying asset是高质量
mortgage，那么就不会有问题。问题是underlying asset是subprime，
所以才出现问题，而subprime是怎么来的，就是克林顿弄出来的。当然
美国的投行也有重大错误行为，就是将subprime的CDO包装成无风险AAA投资，
卖给投资人，结果坑了全世界很多国家的银行。但是这不是危机的主要
原因，因为如果没有subprime，那么银行也就没法这么包装。 |
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X***9
发帖数: 7385 | 27 基于大家都贷款这个部分还有些疑问，我结合一些图片来说明一些特别术语和解释一下
运作方式
这是一张银行的call back，从右上图标看出来是fax形式，有些银行会用电子形式。没
有区别。
call back是指车行帮你申请贷款以后银行回复的结果。虽然这是一个lease 申请，不
过和finance没有区别。
这里解释几个名词，
status:decline 贷款被拒绝了
tier level 开篇解释过了，信用分数评级成为tier
ltv 开篇也解释过不做重复（最后我会贴一张专门ltv的图）
那么再看拒绝理由 insuffcient dollar amount of installment credit or payment
history
installment 开篇也解释过了，这是一个典型的有分数但是没有信用历史的贷款被拒的
例子。即名下没有车贷或房贷，也没有足够长的信用记录。
这是一张银行给车行内部的贷款框架，一般自己品牌的贷款(如ford credit是ford，
american honda finance,是honda,chase是mazda usa和一些其他的厂家贷款银行... 阅读全帖 |
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X***9
发帖数: 7385 | 28 基于大家都贷款这个部分还有些疑问，我结合一些图片来说明一些特别术语和解释一下
运作方式
这是一张银行的call back，从右上图标看出来是fax形式，有些银行会用电子形式。没
有区别。
call back是指车行帮你申请贷款以后银行回复的结果。虽然这是一个lease 申请，不
过和finance没有区别。
这里解释几个名词，
status:decline 贷款被拒绝了
tier level 开篇解释过了，信用分数评级成为tier
ltv 开篇也解释过不做重复（最后我会贴一张专门ltv的图）
那么再看拒绝理由 insuffcient dollar amount of installment credit or payment
history
installment 开篇也解释过了，这是一个典型的有分数但是没有信用历史的贷款被拒的
例子。即名下没有车贷或房贷，也没有足够长的信用记录。
这是一张银行给车行内部的贷款框架，一般自己品牌的贷款(如ford credit是ford，
american honda finance,是honda,chase是mazda usa和一些其他的厂家贷款银行... 阅读全帖 |
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t***s
发帖数: 163 | 29 My view of US stock market volatility in August，版主mark
偶随便说说偶的看法，权当茶余饭后的笑谈。
现在我说调整已经结束，估计没有人有什么意见了吧。S&P500从1553跌倒1406，最低点
触1370。整个过程portfolio收益的变化倒是不大，甚至YTD都没有入水。但无可否认这
次心理上的swing是不小的，所有人都经历了一次熊来了的恐惧。从VIX等数据看，此次调
整的强度略小于1998 LTCM crisis。
1. 什么造成了此次调整
和去年7月调整不同，这次完全是subprime market的问题引起的。Bear Stearns的fund
出问题让大家看到，subprime market这个早就埋下的定时炸弹已经读秒了。
subprime market alone还不至于有这种强度。其实对于subprime market问题，市场早
就知道，而且知道肯定要爆。所以历经多次调整已经price in market一部分了。造成
第二波冲击，让S&P冲破1400点的是hedge fund的force liquidation / |
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u***r
发帖数: 4825 | 30 J. Kyle Bass (born September 7, 1969) is an American hedge fund manager. He
is the founder and principal of Hayman Capital Management, L.P., a Dallas-
based hedge fund focused on global events.[2]
In 2008, Bass successfully predicted and effectively bet against the U.S.
subprime mortgage crisis by purchasing credit default swaps on subprime
securities which, in turn, increased in value when the real estate bubble
burst.[3]
Despite his early success in predicting subprime mortgages, he has receiv... 阅读全帖 |
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m*********a
发帖数: 3299 | 31 It seems that the maker of the video knew little about this recession. I
give you a simple fact. The total market value of subprime mortgage in the
united state is $900 billions. But the total loss from this crisis exceeds
10 trillions. In logic even if all the houses bought by subprime buyer were
burned down to the ground, the total loss would be limited to small amounts,
less than 1 trillion. Why the discrepancy? it is greedy leverage of
subprime loans by wall streets. The mechanism is simple. |
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s**********e
发帖数: 2888 | 32 Government policies and the subprime mortgage crisis
Both deregulation, and excess regulation, of financial institutions have
been blamed for the late-2000s (decade) subprime mortgage crisis in the
United States.[1]
Conservatives have claimed that the financial crisis was caused by too much
regulation aimed at increasing home ownership rates for lower income people.
[2] They have pointed to two policies in particular: the Community
Reinvestment Act (CRA) of 1977, which they claim pressured priva... 阅读全帖 |
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p******o
发帖数: 9007 | 34 Let me conclude my first point: neither Clinton nor Bush forced these
private sector firms to take up the subprime mortgage down their throats. On
the contrary, subprime mortgage deals were the hottest on the street at
that time. Nearly every major player was humming day and night to in-and-out
subprime deals. Even F&F had to compete for the market share (but not as
fast as the golden private sector) because they needed profits too.
Second point, why so, who is to blame? I will enlighten those a... 阅读全帖 |
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p******o
发帖数: 9007 | 35 Better read my post again. It is not me give this 16% number, but from wiki:
http://en.wikipedia.org/wiki/Government_policies_and_the_subpri
More than 84 percent of the subprime mortgages came from private lending
institutions in 2006 and the share of subprime loans insured by Fannie Mae
and Freddie Mac decreased as the bubble got bigger (from a high of insuring
48 percent to insuring 24 percent of all subprime loans in 2006).
So you know who said that "Deficits don't matter?" |
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T*********I
发帖数: 10729 | 36 你错了。
1. “国债本来就是借新债还旧债”。债是要还的。不是拆东补西的。
2. "二战结束的时候debt是GDP的112%，也没见debt影响经济，也没见政府破产". 这是
不成理由的。曾经生还不见得永远生还。二战结束以后大量资金涌入美国，美国制造业
没有受到战火的打击，你看看今天的美国有没有二战结束的优势。全球化使得没有任何
一个国家能够有持久的优势。越南最近的兴起就是最好的注脚。
2008年以前谁敢说subprime的坏话？“也没见subprime影响经济”这话在08年前说没问
题。但是08年以后呢？
美国的政治本身就有制衡的因素。本来就是吵，妥协，再吵，再妥协。“任由共和党这
么胡折腾下去”这样的话。把功劳算到自己头上，责任都是共和党的，到让我想起
subprime时候的一些非常aggressive的ceo们，想起拿着大杠杆玩期货的炒家。赢了算
自己的，输了有冤大头扛着。
美国的竞争力如果仅仅靠吐血借债花钱，那么所有的家长只要请了最好的家教，别的不
用管，孩子也可以成才了吧。只要给医院送上足够的钱，想必大家也可以长生不老了吧。 |
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发帖数: 1 | 37 You made me a little frustrated,
I already explained to you, GS did not cause the subprime crisis. Subprime
crisis is created by the whole financial sector, including everyone, even if
you have split Citibank into commercial bank and investment bank and
insurance before 2006, it will not prevent it from happening.
Let me explain to you, commercial banks give subprime loans to people who
does not qualify high grade loans or even do not qualify for any type of
loan. investment bank pack all type o... 阅读全帖 |
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t***s
发帖数: 163 | 38 终于等到老大的好文，先赞一个
所谓“牛赚钱，熊也赚钱，猪只有被杀的份”
老大连续多年看熊美股，一只坚持到今天，很令人钦佩啊
我继续看牛，至少2007年看牛
1.美国最近几年的牛市绝对不是仅用“流动性过剩”可以解释的
经济增长和企业盈利是主要动力。当然“流动性过剩”也是问题
去年6月～7月，今年3月，和上周的调整都有“流动性过剩”和
carry trade的原因
事实上，过剩的流动性并没有全部进入美股市场，很大一部分在
international stock，emerging market，junk bond之类risk
asset上
今年通胀并不严重，企业盈利正常，这次短期调整结束之后
US blue chip应该还是牛市
2.subprime loan是个老问题，去年就尽人皆知了，所以多多少少
已经price in market了，上周只是更加集中的爆发出来而已
subprime loan早爆早好，对市场的影响越小。subprime loan
对整个经济的影响似乎很有限，很快也会出结果
3. Fed不会太在意资产价格，Fed只关心inflation和经济增长
Fed不会为了挽救sub |
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M*****5
发帖数: 11 | 39 这一周全是subprime mortage.到周五为止,Citibank,JPM,Bank Of America,Wachovia,
all 4 biggest banks and other major financial firms (MS,MER,WM,FNM)
announced huge write-downs, most bad news in subprime mortgage is out, this
is why we see the bleeding in financial stopped today.
The first round of subprime mortgage hit were in brokers, after Aug. storm,
some brokers completely closed the sub-prime mortgage business and laid off
a lot of people, Merril lynch is tardy and led to big write-downs and CEO
lost his |
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r*****t
发帖数: 7278 | 40 其实，这次跌的渊源在subprime，
subprime就是房地产，本来01年的大跌房地产应该同样遭殃的，因为失业了太多，大家
都没钱买房子，付贷款的。可是聪明的房地产商人和证券商知道如果这样就大家都玩完
了，怎么办，有办法了。你付不起没有关系，我先帮你付，因为已经让你相信你的房子
的价格是会一直涨下去的。因为（blah blah blah 诸如人多地少啊，移民越来越多啊
，等等）
所以呢，你的房子以后再卖掉就可以还我钞票了。好了，穷人，下岗工人一听有着等好
事，就纷纷贷款买房子了。房地产的大大的泡沫就这样出来了。因为subprime的期限一
般是三年，就是说头三年很低很低的税率，再穷都付得起。银行的账面好看了，花街又
可以跑了。三年以后。
07年八月就出现了，经过04，05，06，07上半年的狂奔，Dow已经是到了非跌不可的地
步了，那时我本来预计熊市到了，结果随着中国基金的突然蜂然涌出，到香港，到美国
见股票就买。尤其是这个短暂的下跌就成了一次捞底。而这种情况在历史上是没有的。
到了十月初，出笼的基金该买的都买好了，中概一个个都涨得发紫，一帮人等还在等第
三方，第四放，第五方。。的 |
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o******e
发帖数: 1001 | 41 96年以前一般房贷的利率是固定的，97年以后才固定前2，3年，之后浮动利率。
subprime其实到2004年一个叫Eisman的人开始做的，一开始很多人不信他，他的hedge
fund 拉不到启动资金。后来拉到50m的资金作成后，很多投行就跟着开始做。投行完全
知道这个所谓的finance创新最终一定不work的，所以他们一直在密切关注delingency
。一直到05年下半年，subprime loan都没有问题，但是后来的加息造成了subprime开
始滑坡。 |
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s*********8
发帖数: 901 | 42 Of the 11 corporate "up-failers" on our list, none has been accused of
crimes or illegalities, and virtually all of them attribute their
controversial performance as business leaders to factors beyond their
control. Yet critics blame them for problems that deeply damaged the firms
they once ran or helped run. Here are some of the former CEOs and other
corporate honchos who seem to have stumbled upward after being involved in
some of the most notorious corporate episodes of the last decade:
Marti... 阅读全帖 |
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p*****s
发帖数: 4393 | 43 今天看到的一篇文章
http://www.bloomberg.com/news/2014-11-06/student-loan-market-re
Student-Loan Market Recalls Subprime Crisis for U.S. Treasury
By Jeanna Smialek Nov 6, 2014 2:45 PM ET - Comments Email Print
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Twitter
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LinkedIn
Save
The Treasury Department is looking at the rise of American student-loan debt
and seeing worrying similarities to the U.S. housing-market bubble.
Deputy Secretary Sarah Bloom Raskin today voiced concern that education-loan
borrowers could turn to repayment s... 阅读全帖 |
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g****8
发帖数: 2828 | 44 最近 student loan 跟 auto loan 都有 subprime的问题。
有个预测，说下个金融危机如果要出现的话，很有可能在 retail的 subprime上。
再就是，大家都去抱大腿的那些做subprime lending的fancy start up公司，现在没有
监管，说不定哪天也出事。不过，这个到一定的 exposure，政府会跳来管的。 |
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p*****s
发帖数: 4393 | 45 今天看到的一篇文章
http://www.bloomberg.com/news/2014-11-06/student-loan-market-re
Student-Loan Market Recalls Subprime Crisis for U.S. Treasury
By Jeanna Smialek Nov 6, 2014 2:45 PM ET - Comments Email Print
Facebook
Twitter
Google+
LinkedIn
Save
The Treasury Department is looking at the rise of American student-loan debt
and seeing worrying similarities to the U.S. housing-market bubble.
Deputy Secretary Sarah Bloom Raskin today voiced concern that education-loan
borrowers could turn to repayment s... 阅读全帖 |
|
g****8
发帖数: 2828 | 46 最近 student loan 跟 auto loan 都有 subprime的问题。
有个预测，说下个金融危机如果要出现的话，很有可能在 retail的 subprime上。
再就是，大家都去抱大腿的那些做subprime lending的fancy start up公司，现在没有
监管，说不定哪天也出事。不过，这个到一定的 exposure，政府会跳来管的。 |
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m*******a
发帖数: 4507 | 47 2007/6/5 "Bernanke: economic slightly below trend subprime collapse
spillover is likely to be limited"
2007/8/10 "Federal Reserve has pumped $38 billion into the banking system
amid ongoing worries about tightening credit and the subprime mortgage
market fallout"
2007/9/18 "Federal Reserve cut a key short-term interest rate by a half-
percentage point"
2007/11/8 "Bernanke told lawmakers that the central bank is concerned about
the subprime mortgage crisis and sky-high oil prices. However, he dow... 阅读全帖 |
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b*s
发帖数: 82482 | 48 这就是我说的诈骗犯的case啊。自然有傻人被骗，我不骗他自然有别人骗他，他人傻钱
多，还想发财，去整蛊他不是很好么？
正好这边有人出subprime，而且他告诉我他就赌这个subprime会跌，我就跟他合伙骗那
边的下家，说是好东西，快买快买，然后我和出subprime的分赃
你说我没有责任？ |
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z****e
发帖数: 438 | 49 感谢fku0000 (fku)DETAILED COMMENTS。大部份观点我赞同，只想说明几个小问题。
第一关于数据来源。数据是我参加FED的一个SEMINAR时得到的，应该不会有什么大问题
。我想对于数据的理解上可能有一点误解。我在原文中说“25%的新房销售是靠
SUBPRIME贷款。” 这和“subprime mortgages are still a small percentage of
the overall market” 并没有什么抵触的地方：美国新房销售占整个市场比例并不是
很大。
第二，IB作为中介，为什么会损失惨重。IB如果只负责MATCH买卖双方，自己不承担一
点POSITION，理论上讲不会有任何损失。但实际上IB更象一个CAR DEALER。为了能吸引
客户，IB必须自己有了一定POSITION。当市场好的时候，资产能快速出手，当然没问题
。一旦市场对你PARKING LOT里车的质量产生疑问，这些车就只能烂在手里了。IB的资
产过于单一，加上后备资金很少。一旦SUBPRIME市场出了问题，受到的影响当然最大。
第三，我承认多种因素造成了现在的危机，IB，二 |
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s******e
发帖数: 24 | 50 subprime crisis is not because of this gaussian copula.
The name of subprime crisis already explains the cause of this crisis:
investment in the subprime mortgage. |
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