Sentence examples for because of bad subprime from inspiring English sources
Two large Bear Stearns hedge funds collapsed because of bad subprime mortgage bets.
It was part of his plan to revamp the investment banking operation, which had plunged the entire bank into a giant loss in 2007 on the back of bad subprime mortgage investments.
As Mr. Roubini observes, the calamities of 2008 were not caused by a bunch of bad subprime mortgages or by a simple housing bubble but by deeper, more tectonic pressures that had been building for years.
Recently, news that major investment banks have lost billions of dollars because of their exposure to bad subprime loans has sent Wall Street reeling.
The company posted a loss of $132.2 million last quarter, in part because of bad investments linked to subprime home loans.
In March it declared its first loss since going public in 1980, because of bad investments tied to American subprime debt.
But in May, the bank shut its internal hedge fund, Dillon Read Capital, because of bad investments in bonds backed by subprime mortgages.
Bad subprime loans started in late 2005.
And they were taking these really toxic, bad subprime loans.
