Sentence examples for rotten loans from inspiring English sources
Yet the greatest culpability surely lies with European banking regulators, who have always danced around the central problem of the size of rotten loans on banks' balance sheets.
Political considerations often come first, information is unreliable, and openness in the banking system is questionable, despite conditions tied to China's entry into the World Trade Organisation.Only last year, the government injected $15 billion to cover rotten loans at ICBC.
But years after rotten loans and plunging home values made Las Vegas the center of the housing crisis, thousands of people have yet to recover from the cataclysm that tipped the United States economy into a recession.
Smaller regional banks have long been a third option, but the looming commercial-property bust is diminishing their usefulness.That bust may not cause the financial panic that rotten home loans did.
On Tuesday, federal and state authorities announced that JPMorgan Chase had agreed to a $13 billion deal to resolve charges it misled investors about increasingly rotten mortgage loans in the run-up to the financial crisis.
At the top of this list were the government regulators who are supposed to protect the economy from Wall Street excesses, but who instead sat and watched as a bubble built of rotten subprime loans kept expanding.
Other banks, including RBS and HBOS, may have written rotten mortgages and handed out reckless loans.
Meanwhile, charges for bad loans have plunged as the rotten assets have washed through the system.
Just in the recent past, the movers on the Street have fooled us with junk bonds, savings-and-loan stocks, high-tech garbage, rotten collateralized mortgage obligations (although not as rotten as some think right now, perhaps) and their own highly questionable firms.
As an 18-month Senate investigation revealed, WaMu made subprime loans that its executives knew were rotten, then packaged them as mortgage securities and pawned them off on unsuspecting investors.
With regard to Indian banks' rotten balance sheets—about 10-12% of public sector bank loans are dud Mr Rajan said he had asked K.C. Chakrabarty, a deputy governor of the RBI, to examine their books.
