Sentence examples for lousy loans from inspiring English sources
Much-deregulated investment banks packaged those lousy loans up into investments that the nation's ratings agencies promptly declared to be of the first quality.
People say, "Well, they took lousy loans, it's their fault".
In an interview with HuffPost Live Monday, Taibbi detailed the sales pitches Household International would make to prospective customers, explaining how this aggressive effort to push people into lousy loans undermines the notion that banks were innocent subprime bystanders.
Because they were targeted for these lousy home loans; they were targeted to be ripped off; you know, get the liar's loans, and all those things.
If they had known that the hedge fund tycoon John A. Paulson had shaped the portfolio and was betting against it, would they have provided the same rating?)The Securities and Exchange Commission, in its suit, says that Mr. Paulson asked Goldman to help create a synthetic C.D.O. of lousy mortgage loans that he selected so he could bet that they would go down and then profit on their fall.
Croesus pointed out that Citi also had on its books $24 billion in lousy leveraged loans and $19 billion in commercial mortgage-backed bonds.
(On January 19th, Royal Bank of Scotland announced record losses for a British firm of £28 billion, reflecting lousy performance of its loans and its part in the ill-advised takeover of ABN AMRO, a Dutch bank).
"They are making more money from being a lousy credit than from extending loans to good credits".
While salespeople often highlight the ability to build cash value on a tax-deferred basis, the tax-free return of premiums and the availability of tax-free policy loans, these are lousy investment vehicles that offer lackluster returns and high fees.
So this is good for you if you accrued debt as an undergraduate, but lousy if you racked up loans in grad school.
So, we end up doing what we "should" do -- going to college, taking a job to pay back our student loans, working for a lousy boss to only become a slightly less lousy boss ourselves, etc.
