axiom.c
Searched Tag → credit crisis
|
Playing Devils Advocate with Democrats Author → Asif |
|
|
Oct1
On September 30, 1999, Stephen A. Holmes of the NY Times published an article about how Fannie Mae, then the nation's biggest underwriter of home mortgages, was under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. |
|
|
Let Risk-Taking Financial Institutions Fail Author → Asif |
|
|
Sep30
Do not be fooled. The $700 billion (ultimately $1 trillion or more) bailout is not predominantly for mortgages and homeowners. Instead, the bailout is for mortgage-backed securities. In fact, some versions of these instruments are imaginary derivatives. These claims overlap on the same types of mortgages. Many financial institutions wrote claims over the same mortgages, and these are the majority of claims that have "gone bad." |
|
|
Credit crisis gives Islamic finance a chance to shine Author → Asif |
|
|
Sep29
|
|
While conventional banks worldwide are nursing losses of more than $400 billion from the credit crisis, Islamic banks are virtually unscathed. And they are playing up the contrast to scalded shareholders, bondholders and borrowers and fearful depositors.