Stress and danger in the field Exposure to security threats and witnessing human tragedy came up frequently in the section of the survey where contributors were given the opportunity to share more detail on their experiences.
Previous research has linked the consumption of HSP to the demographic and socio-economic profile of the residents or of the area where they live (Nilsson and Estrada 2006), fear of crime (Warr and Ellison 2000), requirements of insurance companies (Loader 1999; Zedner 2006) and even the exposure to security gadgets through media and marketing (Goold et al. 2010).
Bear Stearns also said Wednesday that it would take a $1.2 billion write-down on its exposure to securities tied to subprime mortgages.
But as the markets got worse, Mr. Tannin became increasingly worried about the funds' exposure to securities backed by subprime mortgages.
Maybe so, but even after the huge write-downs, UBS still has more than $30 billion in exposure to securities linked to the kind of risky mortgages that Countrywide and other lenders doled out when home prices were still rising.
Six months later, a German bank, IKB Deutsche Industriebank, came close to failure because of its exposure to securities backed by the same sort of American loans.On August 13th it was Canada's turn to take centre stage in the drama, when Coventree, a niche Canadian investment bank, declared it was seeking liquidity funding of up to C$700m $660mm).
But few thought they would be tripped by problems far away from China.So it caused considerable surprise on August 23rd when Bank of China, one of the country's biggest lenders, revealed that it held a $9.6 billion exposure to securities backed by American subprime mortgages albeit most of them highly rated.
(See: "Vultures Circle Standard Chartered's Whistlejacket") Dresdner said it had reduced K2′s assets to $18.8 billion, from $31.2 billion, and added that none of its portfolio had direct exposure to securities backed by subprime or midprime mortgages, collateralized debt obligations or asset-backed securities.
The one area of concern is the risk of default in its bond portfolio, particularly issues from the United States.. However the company has a number of options before it has to turn to the government, and as it highlighted Monday it can accelerate the release of capital by reducing its exposure to securities.
Money market funds owned by Fidelity and JPMorgan Chase have been selling their one-month Treasury holdings to limit their exposure to the security.
Unlike George W. Bush, who entered the presidential race in 2000 with scant exposure to national security issues, Mr. Obama has served since his election to the Senate in 2004 on the Foreign Relations Committee and has had a running tutorial from aides steeped in the issues.
