Sentence examples for subprime instruments from inspiring English sources
Did journalists report on the worrying growth of subprime instruments like collateralised debt obligations?
As these subprime instruments have cratered, investors have lost faith not just in them but in other credit derivatives.
Calomiris pulls no punches: "asset managers willingly over-invested their clients' money in risky assets that did not adequately compensate investors for risk .The plausible deniability was supported by a key, unrealistic technical assumption by credit rating agencies – that losses on subprime instruments would be 6%.
Congress, after all, created Fannie Mae and Freddie Mac, institutions that spent tens of billions of dollars on subprime instruments.
Are you aware that Fannie Mae and Freddie Mac, both government-sponsored entities, both under pressure from Congress, devoted tens of billions to the purchase of dubious mortgages, in effect creating the market for the very subprime instruments that got us into this mess?
This precluded his chance to mention Citigroup's involvement in risky subprime mortgage instruments.
But somebody missed the inherent risks involved in bringing the subprime mortgage instruments to the market, right? A. There were an array of places where the underlying risks were not well understood, in some cases by managements, in some cases by boards and audit committees, in some cases by regulators and, perhaps, in other cases even by audit firms.
Many subprime-linked instruments have become prohibitively expensive to hedge.
Greek banks have little direct exposure to the subprime-related instruments that have tripped up sophisticates in other markets.
"What they did in England was quick, clean and direct". Here in the U.S., by contrast, Treasury Secretary Henry Paulson's original bailout plan, under which the Treasury would have spent hundreds of billions of dollars purchasing subprime and other instruments from major banks, went at the problem backwards.
They use derivatives and complex arbitrage and exotic instruments like subprime mortgage pools.
