Sentences with phrase «most writedowns»

And boy, this approach can deliver — what emerges from the mist can really amaze sometimes... Remember, most writedowns, «compliance», interest (/ capital structuring), taxes etc. happen at the corporate level.

Not exact matches

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.

It is the US business that has been the most troublesome for Treasury, which in mid-2013 was forced to announce embarrassing writedowns of $ 160 million related to its US wine operations.

Most of it was writedowns on non-GSE (not Fannie, nor Freddie) residential mortgage bonds, where they bought mezzanine or subordinated bonds.

Principal writedowns force the lender to give up any chance to make up the values when housing prices recover — they are considered too drastic and permanent a solution in most cases.

I must imagine that most of these writedowns are on mortgages that had mortgage insurance purchased on them, no?

The problem with mortgage writedowns is that most taxpayers would consider this vastly unfair — if their neighbor gets a loan written down to the home's worth and they don't it would fuel plenty of resentment and probably lead to a lot more strategic defaults — why would anyone feel bad about blowing off a mortgage when doing the right thing just makes you a chump?

The banks have already taken substantial writedowns, which may cover most of the damage.