U.S. subprime plot

U.S. subprime plot
Date :2008-2-18 7:37:59


treatise just chatted casually short-term mart conditions Speaking of the general decline in this round of the causes because universal stock markets, the fuse should be the U.S. subprime emergency, and before articles have said many times, but has no time to talk about in detail is how the U.S. subprime how, in China's real estate is also creature wandering within the falling if there is not also a alike crisis? In truth this is unlikely, because the domestic stock market, and there is no excellent diversity of financial innovation and fiscal derivatives, notwithstanding these are mature the market, but because of the existence of these innovative products also tend to make the original is not The financial problems are magnified many times, as well as the formation of crisis!



educate instructors are equitable a few days antecedent that matter, put the information I put attach afterward studying approximately, we talk about immediately and, of way, remain for effortless to know, Some instances and the similarity is no necessarily an applicable means apt like, yet fortunately not my job apt pay:)



in American society, the loan is a very mutual phenomenon, from house to motorcar , from honor cards to phone bills, loans everywhere. Few local people to buy a house across the segment, normally long loan. But we also know where unemployment and re-employment is a very mutual phenomenon, for which earnings is not stable, or no income people, how they buy it? Because the credit rating not up to standard, they are defined as sub-borrowers.



loan companies to emerge at this time, TV, weekly ads sky, street or mailbox acceptable leaflets:

life? buy it! also can not furnish? We offer 0 down disbursement! It does not matter, the first 24 months you only need to pay interest, principal of the loan can be paid after 2 years! think of it, after 2 years you must have base jobs or been promoted to director, and that time can not furnish scared! 2 years to live, but also earn a pen it! say that again, it does not pay you, I deem you'll do, do I defiance loan, you can not lend? br> In this temptation, many people hesitate to prefer the U.S. home loans. (For they are worried about your debts after 2 years? Has forever been the American people feel nice about themselves will tell you that his movies can convert governor, 2 years afterward I can sprint for president might do:)



bull loan company for a few months has made noteworthy accomplishments, but the money loaned out, and can not be recovered from? Chairman - Mr bull that is also versed diagrams in the history of the U.S. economic, could not know the real estate market are also at risk, so the revenue can not appear pocketed, to ascertain a associate to share the risk Caixing. So bull to take the guide in economy circles to detect Big Brother U.S. - investment bank. These guys are all sounding appoint Zhu Er (Merrill Lynch, Goldman Sachs, Morgan), every day they do? Is fed idle is idle,Women's Supra Skytop II, then sent for the Nobel economist, and got a Harvard professor, and use the latest economic file prototype, some tinker later, came up with several inquiry reports to reckon a decisive stock Is it worth buying a certain country's stock market has been a foam, a group of risk appraisal in the market which Pianchipianhe Zhu Er, you said that they see that this risk is not there, are looking to their feet! Ah, but there is profit, then what is also hesitant to take over out now! So economists, university professors, data prototype, the third kind of assessment, re-packaged to come up with new products - CDO. The fact is, bonds, through the issuance and sale of the CDO bonds, so bond holders to share the risk of home loans.



light so sold, the hazard is too high, or will buy ah, if the original risk class of bonds is 6, a medium lofty. So investment banks and divided it into senior and general CDO 2 parts, debt crisis, the senior CDO Peifu rights have prerogative. This level of risk the 2 into a 4 and 8, respectively, the total risk of the same, but the former belongs to the low-risk bonds, and at wrong investment bank gold silver tongue, of course,Kids' Supra TK Society, sell a house down! However, the level of risk remaining high-risk bonds 8 how to do it?



then found a hedge fund investment banks, hedge funds, what is male, that's the financial sector to buy space in the globe to sell more, do everything they want in the character,Supra Pilot Shoes, licking the blood off the day that knife-edge and this risk piece of cake! So with the antique relationship, in the earth to find the lowest interest rate banks borrow money, then buy this part of the common large-scale CDO bonds before 2006, the Bank of Japan interest rate of just 1.5%; common CDO interest rate may reach 12% So hedge funds depend aboard the interest differential earned pours out.



this course, the wonderful object happened, from the end of 2001, the U.S. real possession rose entire the direction Biao, just a few annuals extra than doubled, so that to As lenders began to bull the ads, there is not possibility of asset not play behind the headmaster, even if the money likewise, selling the house can acquire a sum of money. The result is human who purchase a house from loaning to the bull loan companies, to important investment bank, to assorted banks, to hedge funds,Supra Skylow Shoes, everyone is production money, but investment banks are not quite merry! Initially, it was too menacing to calculate that ordinary CDO, hedge funds was darted, and did not think these guys more than than they earn, net he kept up, I knew in my personalty to play, so investment banks began buying hedge funds , a piece of the intend. This is like ,



instrument allows the hedge funds, bad melody, who they are, hands, 1 dollar, 10 dollars will be competent to think of ways to play by the gangsters, ah, now take CDO can be credible with sought-after? Then again in the hands of their pledge CDO bonds to the bank, in commute for a loan 10 times, and then persist chasing investment bank to buy ordinary CDO, mow, but had signed an approval, the CDO are the attribute of us! ! ! Investment banks do not mind that it was great, in increase to hedge funds to buy outside of muffled, they came up with a new product, phoned CDS Well, Wall Street is a hotbed of such genius products:) are not all that high up the original CDO risk, Well, I'll cover each of which a part of the money from the CDO as a bonus, pearly to give the insurance company, but in the future out of the risk, everyone assumes.

assurance companies want to, ah well, so make money now CDO, 1 penny do not have a sub-profits, it is not giving the yearly White Well we? Again!



hedge funds want to, ah well, have earned a few years, and later additional risk, part of the profits just minutes away, there is half the insurance company takes the risk of dry !



so happy another, CDS also sold blaze! But things are not over here:) because the We suppose that CDS has brought us 50 billion revenue, and now my fashionable issue of a is very high, but before I make the 5.0 billion investment as margin, if the fund incurred losses, then the premier advance with this 50 billion, only 50 billion shortage over this, you will start principal investment losses And before that, you can redeem, the starting size of 50 billion. God, there are also cool than this fund? Face value of 1 yuan to buy the fund shortage to 0.90 will not lose their money, but each USD earned is his own! Rating agencies to penetrate this genius idea, is simply not hesitate to give AAA rating!



result, the Although the native beginning size is 500 million, but how many million follow-on offerings, simply has been incapable to estimate, but 5.0 billion bond has not changed. If the existing scale of 500 billion, and that bond funds tin only be guaranteed when the web amount of not less than 0.99, you ambition not lose money.



At this time, the time went to the 2006 cheap, the landscape is a full 5 years of U.S. real estate final fall from the altitude down massive, it eventually began to wreck the edible chain. Because of falling house prices,Supra Shoes, lending rates to the time after the first ordinary people can not remunerate the loan, and then collapse of the bull loan companies, hedge funds in big losses, in turn impair the insurance companies and loan bank,Supra Trainers, Citigroup, JP Morgan reported big losses have been released, At the same time investing in hedge funds, the major investment banks also have a detriment, then the stock market break, people generally lose money, people unable to pay mortgages continue to mushroom. . . . . .