S&P Ratings Overhaul Hits Banks Hard

Author:  //  Category: Mortgage

… its own reputation, which suffered considerable damage after it was found to have rated securities backed by subprime mortgages as triple-A. Banks are now compelled to update their own contingency plans in case of downgrades, …

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S&P Ratings Overhaul Hits Banks Hard

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Beijing unlikely to repeat errors of others

Author:  //  Category: Mortgage

… has worsened. We saw, in general, poor economic data and higher funding costs elsewhere. When the US subprime mortgage crisis led to the financial markets calamity of 2008, China forced its banks to lend more. History …

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Beijing unlikely to repeat errors of others

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Conservatives bid good riddance to Barney Frank, the leftwinger they love to hate

Author:  //  Category: Mortgage

… government policies pressuring banks to step up mortgage lending to low-income Americans. When the economy … he grew nervous about out-of-control lending, and sub-prime mortgages in particular, Democrats were in a minority during the Bush years and unable …

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Conservatives bid good riddance to Barney Frank, the leftwinger they love to hate

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Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

Author:  //  Category: Mortgage

… and Exchange Commission sued Citigroup for knowingly selling toxic mortgage securities to clients. For most, approval of the SEC … $1 billion collateralized debt obligation that was stuffed with subprime residential loans. Investors lost about $700 million, …

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Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

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Central banks move to stabilize financial system

Author:  //  Category: Mortgage

… offered dollar swaps from December 2007, when world financial markets were weakening because of fear about subprime mortgages, until February 2010. It reopened the program in May 2010, as European debt concerns grew, and …

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Central banks move to stabilize financial system

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In the lead: Rupert Murdoch and the Koch Brothers

Author:  //  Category: Mortgage

… . Lloyd Blankfein (Goldman Sachs): Touted mortgage deals while privately betting $10 … (JPMorgan Chase): Defrauded customers on mortgages, then took $25 billion bailout. … ): deceived investors into buying risky “subprimemortgages, leading to thousands of …

In the lead: Rupert Murdoch and the Koch Brothers

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In wake of Citigroup settlement rejection, SEC seeks options

Author:  //  Category: Mortgage

… the agency had proposed to resolve charges that Citigroup misled investors about an investment product tied to subprime mortgages. The judge complained that the $285 million was mere pocket change for a …

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In wake of Citigroup settlement rejection, SEC seeks options

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Big banks stand by for credit ratings news

Author:  //  Category: Mortgage

… its reputation, which was hit hard by having wrongly put triple-A ratings on securities backed by subprime mortgages – the instruments at the centre of the global financial crisis. On November 10, S&P said it …

Big banks stand by for credit ratings news

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Q+A-Why everyone cares about dollar liquidity swaps

Author:  //  Category: Mortgage

… in place as financial markets worldwide were cracking from a chain of defaults starting with U.S. subprime home mortgages and extending to short-term money market instruments and held around the world. Demand began to …

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Q+A-Why everyone cares about dollar liquidity swaps

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Barney Shuffles off

Author:  //  Category: Mortgage

… about liberals again going too far. Certainly liberals went too far in extending subprime mortgages to those who could not afford them … Frank. Frank was a typical liberal advocate of subprime loans for the penurious. As late as July …

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Barney Shuffles off

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