Sentences with phrase «big credit default»

I didn't see Repo Men (Universal), the satirical sci - fi thriller about a future where organ transplants on credit are next big credit default market and starring Jude Law and Forrest Whitaker are the guys who do the repossessing, though my MSN and Parallax View colleague Kathleen Murphy found is dark fun.

Not exact matches

Even the most popular explainer in recent years of the financial crisis — «The Big Short» — had to employ non sequiturs with celebrities explaining ideas like mortgage - backed securities and credit default swaps to communicate how it happened.

And to the extent any holdouts own credit default swaps against Argentina, those swaps have (probably) been triggered and will (probably) result in a big payout, which may make the holdouts more inclined to settle now than they were yesterday.

Geithner and Obama lobbied the IMF and ECB shamelessly to bail out Greece, simply so that it could pay bondholders, because U.S. banks had issued credit default insurance (CDS) against Greek bonds and were on the hook for a big loss if a default occurred.

The VA had a better credit check system and had a much lower default rate despite not requiring big down payments.

Some of the biggest Wall Street banks, like Goldman Sachs, Citigroup, and Merrill Lynch, got AIG to sell them credit default swaps.

We saw in 2008 how weak links in the mega banking chain spilled out across Wall Street because of the invisible linkages to other banks and financial firms unknown to the public — like the fact that the big insurer, AIG, was the backer for tens of billions of dollars of credit default swaps while having no money to pay off the bets it had accepted from the biggest Wall Street firms.

Combined, the percentage of auto, credit card and student loan delinquencies and rate of default is as big or bigger than the subprime mortgage problem that led to the «Big Short.&raqbig or bigger than the subprime mortgage problem that led to the «Big Short.&raqBig Short.»

Half of the bailout money effectively went in the front door of AIG and then out the backdoor to the big Wall Street banks and hedge funds that had used AIG as their counterparty to guarantee their bets on Credit Default Swaps.)

When four outsiders foresee the impending collapse of the global economy long before the big banks, media and government regulators realize what's happening, they capitalize on it by shorting the booming housing market through the invention of a clever financial instrument called the credit default swap.

For example, using an ordinary dictionary to look up «credit default swaps» in Michael Lewis» The Big Short would give the individual definitions of «credit,» «default» and «swaps.»

Props to Michael Lewis for this one, I've often sent this quote from The Big Short (with credit to Lewis) to people who are confused about the instrument known as the credit default swap.

Taking out a loan in any amount is a big deal since it involves going into debt and risks further damaging your credit score if the loan goes into default.

When the investors in the Big Short predicted the Global Financial Crisis by examining the credit quality of the bonds underlying the popular mortgage - backed securities, they purchased credit default swaps against the MBSs & CDOs and profited tremendously.

Bernanke and Geithner claimed that the deal was necessary to preserve the financial system because Bear was going to have to file for bankruptcy (they indicated the big worry was the credit default swaps).

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First of all, the credit card company may choose to raise the interest rate on the card once it is closed, since you may be viewed now as a bigger risk to default.

Since most community banks weren't deeply involved in credit default swaps and other esoteric financial engineering, they didn't fall in price as much as the big banks did in 2008.

Many employers check the credit of potential employees, and your default is going to stand out like a big, red «F» on a grade school test.

Each $ 1,000 you knock down will have a bigger impact on our credit rating, but keep in mind if your student loan runs into default it will be all for nothing.

People with bad credit are no doubt a big default risk meaning that private lenders must protect themselves.

Most credit consolidation loans have a significantly lower annual interest rate because they take many small loans and combine them into one big one, and reduce the risk of default.

Peace of Mind — Perhaps the biggest benefit to settling your defaulted credit card debt is relief.

Notable investors and advisers include Michael Burry, famed short of credit default swaps, depicted by Christian Bale in the movie The Big Short, Adam Nash, CEO of Wealthfront, and Barry Ritholtz, Founder and CIO of Ritholtz Wealth Management.

For example, considering that your payment history is the single biggest factor in determining your score, a single charge - off or default that is old enough to be removed from your credit report can dramatically improve your score.

-- too small of a market cap compared to their bigger competitors — No credit rating — Yield is below 5 % — They are facing FFO pressure and downgrades as their sixth largest customer Anthem recently defaulted.

Before I read The Big Short by Michael Lewis, I had no idea what credit default swaps and collateralalized debt obligations (CDO's) were.

Unemployment has a big effect on credit card defaults, but not foreclosures.

It's the biggest component, but the most difficult for you to fix, since missed payments and defaults can stay on your credit history for seven to ten years.

But John Paulson is a hedge fund manager who has shown a propensity to also focus on long / short investing and taking macro bets as well, like his foray into shorting subprime credit default swaps and betting big on gold.

Infographic: Top US cities all improving on paying back debt — New data shows huge decreases in default rates, and a couple of big U.S. city's residents deserve a pat on the back... (See Declining credit default rates)

AIG's big risk right now is a large book of Credit Default Swaps, estimated at $ 1.6 trillion in potential exposure.

These consumers likely carry high credit card balances and have multiple recent negative marks on their credit reports — or, in the case of bankruptcy or default, a single, big negative mark.

Some readers will recognize the credit default swap as the catalyst for the housing market crash, as seen in the popular film, The Big Short or Margin Call.

Word of mouth remains the biggest source of new business, experts say, but you can also promote your services to individuals attending credit counseling classes (now required prior to filing bankruptcy), to people who receive state notices of loan defaults, and to home owners named on lists of ARMs that will be resetting in the next few months.

Factor in premium payments on CMBX credit - default swaps — investors can't invest directly in or bet against the index — and during the past year any short was surely a losing bet, even as the mall Big Shorters look more and more correct.

Furthermore, insurance against defaults has gotten more expensive as measured by credit - default swap spreads for the big banks.