Sentences with phrase «marked illiquid securities»

It is likely that the investment banks of our world, together with those they deal with, have marked illiquid securities to their own advantage.

Not exact matches

The latter re-incorporated themselves as «banks» to get Federal Reserve handouts and access to the Fed's $ 2 trillion in «cash for trash» swaps crediting Wall Street with Fed deposits for otherwise «illiquid» loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments)-- at «cost» based on full mark - to - model fictitious valuations.