Worries About Subprime Lending Are Overblown
Tags: EDITORIALS; SUBPRIME loans; SUBPRIME mortgages; FINANCIAL crises; BANKING industry
Related Articles
- Need an explanation of the subprime mess? Not here. Reinfeld, Hesh // Business Journal (Central New York);12/28/2007, Vol. 21 Issue 52, p7
The author reflects on the confusion on what the subprime mortgage crisis really means. He states that financial press writes about the issue, but he knows for sure that not even one reporter can explain the real meaning of the crisis. He adds that people read all the things about financial...
- What Subprime Market Does (and Doesn't) Need. Isaac, William M. // American Banker;Mar2008 Community Banking, Vol. 173, p2
The author reflects on the effects of the subprime mortgage problem facing the U.S. He feels that this is not the crisis that many think it is and there is actually no real threat to the banking system. It is estimated that, out of $1 trillion in subprime loans, the U.S. is responsible for...
- 'Sub-prime' should not be the basis for increasing financial regulation. Davidson, Sinclair // Institute of Public Affairs Review;Mar2008, Vol. 60 Issue 1, p15
The author reflects on the financial crisis which resulted from the high-risk loans or subprime. He stresses that the cause of crisis is that many investors undervalued the risk of financial instruments such as loans and securities. He addresses the lack of knowledge of the investors or the...
- The Aftermath. Forbes, Steve // Forbes Asia;9/17/2007, Vol. 3 Issue 15, p15
The author contends that problems created by the subprime mortgage loan crisis will provide lessons for both the government and the private sector to reform economic policies in the U.S. He is convinced that the government will create new financial instruments to cope with the crisis. He cites...
- Yanks feel price pinch. Vik de Klerk // Finweek;9/20/2007, p18
The author reflects on the impact of the sudden collapse of the sub-prime mortgage in the global financial markets on the U.S. dollar. During the month of September 2007, large portions of loans granted by central banks to members are due for repayment. He explained how the U.S. Federal Reserve...
- Where Financial Markets Are Headed. McDaniel, Lisa // Credit Union Journal;9/10/2007, Vol. 11 Issue 36, p20
The author takes a look on the future of financial markets within the housing sector in the U.S. According to the author, the housing sectors seems to be crumbling, particularly the subprime market, and the bond market has seized up and investors are besieged with fear. Moreover, the author...
- (Mis)Understanding a Banking Industry in Transition. Black, William K. // Dollars & Sense;Nov/Dec2007, Issue 273, p14
The author comments on the transition of the U.S. banking industry. He mentions the twin crises faced by the U.S. financial services industry. First, huge numbers of defaults among subprime mortgage borrowers, and second, massive losses for the holders of new-fangled investments comprised of...
- Moral Hazard Is for Suckers. Reich, Robert B. // American Prospect;Oct2007, Vol. 18 Issue 10, p60
The author reflects on the moral hazard in the subprime loan mess that affected millions of U.S. homeowners. He criticizes the failure of banks and mortgage lenders to explain the real nature of mortgage loans. He explains the origin of the moral hazard when Federal Reserve Chairman Ben Bernanke...
- IMPACT OF GLOBAL FINANCIAL CRISIS ON BUSINESS CYCLES IN DEVELOPING ASIA AND THE DECOUPLING HYPOTHESIS. Singla, Ravi // International Journal of Research in Commerce, IT & Management;2012, Vol. 2 Issue 3, p91
The global financial meltdown which was initiated by US based subprime lending market has led to the global financial crisis and the consequent economic crisis in the developed economies. Given the mammoth size of the crisis in the advanced economies some economists have started comparing it...
