Hints and tips:
...By 2007, his team oversaw tens of billions of dollars. When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...Bronwyn Curtis, chair at JPMorgan Asian Investment Trust: No....
...He advised Punch Taverns on a series of whole-business securitisations, and recently advised on the first issuance of a residential mortgage-backed securities transaction involving five currencies, closing...
...Supposedly ultrasecure mortgage bonds that had traded freely earlier in 2007 had by late July hardly been trading at all....
...Once August 2007 had happened, their whole funding model collapsed....
...Others argue that the bank’s relatively small capital base and wholesale funding model meant that it was almost impossible to avoid a loss of confidence when the turmoil struck....
...At the end of 2007, problems in international mortgage markets began to put a damaging squeeze on credit....
...Others argue that the bank’s relatively small capital base and wholesale funding model meant it was almost impossible to avoid a loss of confidence when the turmoil struck....
...Maybe at the end of 2002, the IMF funding was essential. But probably not that essential any more in terms of the funding only. But do we need to work with IMF?...
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