Hints and tips:
...Students are regularly over-promised financial aid in complex deals that then change year on year, just like the subprime mortgages that blew up in 2008....
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...Both student debt and mortgages illustrate a broader principle....
...● Whatever your views of Help to Buy, it has plenty of support among housebuilders and analysts, writes Gill Plimmer....
...In the months after [Greenberg] left, AIG amped up its bets on the housing market by writing what where, in effect, insurance policies on derivative securities backed by subprime mortgages....
...IV Mortgage Finance Plc EUR1,005.8m Class A notes: ‘AAA’ EUR155.5m Class B notes: ‘A’ EUR46.6m Class C notes: ‘BBB’ Themeleion V Mortgage Finance Plc EUR764,3m Class A notes: ‘AAA’ ABS Karta 2005-1 Plc...
...A year later in KSR v....
...“There has been a focus on banks’ capital, liquidity and their mortgage exposure.”...
...“The Americans are more pragmatic – if they see something wrong they think they have to fix it. The ECB is more principles-based,” notes Jörg Krämer of Commerzbank....
...Richard Pym, the former head of Alliance & Leicester who retired last year, is set to return to the retail banking sector as chief executive at Bradford & Bingley, the buy-to-let mortgage lender....
...“He could see around corners,” says Edward Matthews, one of Mr Greenberg’s most senior lieutenants at AIG and then at C.V. Starr, his investment vehicle....
...With American class action lawsuits on the rise again after the subprime mortgage meltdown, Tuesday’s US Supreme Court ruling shielding third parties from most investor lawsuits could not be more timely....
...But they also cautioned that there may not be a simple V-shaped recovery....
...The area’s oil workers, he recalls, who had thought the boom would continue forever, “were just walking out of their houses and leaving their mortgages”....
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