If banks have written down the value of these loans to the 40 cents on the dollar that they are fetching on foreclosures — the only true value for these homes right now — then why don't they bite the bullet and reduce the loan amount outstanding for the troubled borrowers?
Bs are the more numerous, with 48% of the market and $312 billion (par amount) outstanding; for BBs, it's 37% and $240 billion, says Standard & Poor's.
For example, we continue to add to the information shown in the Fed's H.4.1 statistical release, which provides weekly detail on the balance sheet and the amounts outstanding for each of the Federal Reserve's lending facilities.
The site already offers useful statistics– like the site's "average consumer" profile, which pulls from credit bureau data to outline average loans, delinquencies and amounts outstanding for American consumers to give borrowers some perspective on where they stand.
"When this group entered administration, the firm had to provision for the full amount outstanding, which had the effect of removing over 25% of its capital base and leaving the firm dangerously undercapitalised.
The GAO lists five Fed bailout programs that still have amounts outstanding, including $909,000,000,000 (just under a trillion dollars) for the Fed's Agency Mortgage-Backed Securities Purchalonerograloneone.
The market has almost doubled in size every year for the past five years, reaching $20 trillion in notional amounts outstanding last June, according to the Bank for International Settlements.
The SPDR S&P Retail ETF, for instance, has a short interest of nearly 200percentt, meaning short investors' bets amount to three times the total number of shares outstanding for the ETF.
If we were to look at the total amount of outstanding loans for Corinthian students over the last five years, we would be looking at about $3.5 billion.
About $5 billion of the amount was outstanding when Enron filed for bankruptcy in December, according to the Senate's Permanent Subcommittee on Investigations, which has scheduled a hearing on Tuesday to look at the role of the banks in Enron's collapse.
However, share repurchases can sometimes be useful for reducing the overall amount of outstanding shares.
