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How Many Lehman Brothers (now Bankrupt) Employees Lost Their Jobs While The CEO, Fuld Received $800 Million?

Question by Chi Guy | Posted in Politics

Lehman Brothers filed for Chapter 11 bankruptcy refuge on September 15, 2008. According to Bloomberg, reports filed with the U.S. Bankruptcy Court,

The seascape for Lehman's $4.3 billion in mortgage securities getting liquidated sparked

Answer: Too Many,

 
 

Why Has The FED Offered To Exchange U.S. Treasury Securities For Mortgage Backed Securities.....?

Question by zm | Posted in Economics

and to credit money directly to both commercial banks and non-bank financial services companies???

Answer: the fed is assuming the endanger that the banks took on in making those loans.

if the fed takes on this jeopardize, then the banks will not suffer the losses due to those loans defaulting; greatest to more confidence in the financial system.

 
 

Why Has The FED Offered To Exchange U.S. Treasury Securities For Mortgage Backed Securities.....?

Question by zm | Posted in Economics

and to credit money directly to both commercial banks and non-bank financial services companies???

Answer: High-minded question. I have my doubts about what is going on here. By the FED taking the MBS(mortgage back securities) which are not liquid and of less and less merit and exchanging them for treasuries (which are a sure thing) is covers up the loyal

 
 

Mortgage Backed Currency?

Question by Al | Posted in Economics

Anybody else getting the imitation that our central bank may be leaning towards a currency based on loyal property? With all the bad mortgages wrapped up in commercial securities.

Answer:

Nope. Our currency isn't backed up by anything. If it was, there wouldn't be a requirement for the Federal Reserve.

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Is Bill Clinton Partially Responsible For The Economic Meltdown In The US?

Question by saab_9_3 | Posted in Other - Politics & Government

Former President Clinton is on the compete trail claiming he has nothing to do with the current economic crisis. However, the facts are these:

When President Clinton was president his terms was characterized by money-making prosperity

Answer: I concur that President Clinton has some accountability for the current financial crisis. The Commodity Futures Modernization Act, and the nullification of Glass-Steagall were bad choices.

I will take issue with Community Reinvestment

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Mortgage-Backed Securities I

Part I of the introduction to mortgage-backed securities

Commercial Mortgage Backed Securities No Longer Circling Toilet

by leistb

The outcome: aggregate culprit outstanding compare for CMBS increased by $3.1 billion to $60.5 billion, ,111% higher than the $28.6 billion from a year ago after deteriorations in 30, 90+ Day, Foreclosure and REO inventory. This represents a LP = 'long playing' 7.7% of overall noteworthy CMBS revelation. Even worse, perfect Specific Servicing revelation by dollar-a-year stabilize has entranced another bigger leg for the worse, jumping to $88.6 billion, or 11.3%, up 0.7% from the month before. And even as cumulative losses show no cue of abating, unexceptional set-back punitiveness on CMBS continues being sky intoxicated: June commonplace losses came to 49.1%, a wee abstain from from the 53.6% in May, but well higher from the 39.6% a year earlier.

Source: Commercial Mortgage Backed Securities No Longer Circling Toilet

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