Sentences with phrase «says subprime debt»
Joseph Mason, a finance professor at Drexel University in Philadelphia and a former economist at the U.S. Treasury Department, says subprime debt in money market funds is far from safe.
https://www.nakedcapitalism.com/ Not exact matches
Paul Ferley, economist at Royal Bank of Canada, said the newly revised debt levels are close to the peak witnessed in the U.S. at the height of the subprime mortgage crisis.
«University administrators are the equivalent of subprime mortgage brokers,» he says, «selling you a story that you should go into debt massively, that it's not a consumption decision, it's an investment decision.
«But once we segment by risk tiers, we find a gradual shift where subprime consumers are increasing their share of the debt load relative to the low - risk population,» he said.
During his campaign, he said, «The student debt crisis is the next subprime mortgage crisis;» he continued, «Get the government out of the student loan business.»
Former SEC Chief Accountant Turner says investors have cause to be concerned about money market funds» holding subprime 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....
Bruce Bent, who in 1970 created the first money market fund, The Reserve Fund, says no money market fund should invest in subprime debt.
Greg Lippmann, who helped design the trade against subprime mortgages that became known as the Big Short, says the next financial tremors will come from corporate debt.
When it's all said and done, it is quite possible those investing in low - risk ABCP or some sort of money market fund may end up taking a worse beating than those who went into CDOs and subprime debt.
A few other hedge funds came out and said that they, too, were short the CMBX 6, an index of subprime commercial real estate debt that has about the most significant mall exposure that you can find, and a few Wall Street analysts recommended the same.