Sentences with phrase «holding subprime debt»
Former SEC Chief Accountant Turner says investors have cause to be concerned about money market funds» holding subprime debt.»
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The paper matures within three months, and after that the fund doesn't hold any subprime debt, unless Wilson decides to buy more.
Not exact matches
That statement would clearly be more reassuring to Americans had not the largest bank in the U.S. in 2008, Citigroup, blown itself up while lying to the public and its shareholders about its exposure to subprime debt and holding more than $ 1 trillion in assets off its balance sheet.
Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.
Despite the drop off in subprime loans, borrowers with the lowest credit ratings still hold over $ 210 billion in auto loan debt or about 20 percent of the $ 1.1 trillion in total outstanding debt.
Das says that because so much subprime debt is held by CDOs, there is constant risk that the value of the investment can drop or collapse....
My view is that there are a small number of greedy players that hold most of the credit risk from subprime mortgages, and that their ultimate owners have enough capacity to bear losses that there is no significant contagion risk to the debt and equity markets, even if some players are wiped out, and the banks take modest losses.
Consumer borrowers owe $ 1.2 trillion in auto loans debt, and there are 23 million Americans who currently hold subprime auto loans.
Outstanding subprime auto debt (classified in the chart below as debt held by borrowers with origination credit scores under 620) now stands at about $ 300 billion... Since 2011, the overall delinquency rate of loans originated by auto finance companies has significantly deteriorated.