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OnlyMe

World Waiting For Securitisation 2.0

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Lol, Securitisation 2.0.

More like shit-shifting 2.0, or Losses 2.0 - again driven by central banks junking currency via interest rates and herding poeple into buying overvalued shit to stop the value of their savings/investments being eaten alive by inflation.

Hey, guess what arseholes, same shit, same ending.

http://www.ft.com/cms/s/0/c8e4ad3a-c02d-11df-b77d-00144feab49a.htmlWorld waiting for securitisation 2.0

Published: September 14 2010 20:56 | Last updated: September 14 2010 20:56

That the Royal Bank of Scotland is issuing £4.7bn worth of mortgage-backed securities shows the financial practice that brought the bank down is not beyond redemption.

RBS bears deep scars from securitisation. Before the crisis, it relied heavily on MBS to fund its lending and suffered when that funding dried up suddenly. It was then fatally wounded by a portfolio of US subprime MBS it acquired with ABN Amro. Yet, if RBS manages to restart its securitisation machine, it would be a sign of health. It would give hope that the bank can wean itself off government guarantees and exceptional liquidity support.

Edited by OnlyMe

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The magic of securitisation is to free credit from the form of direct relationship-based lending. Asset-backed securities can be taken off banks balance sheets by end investors, a way in principle of rendering the banking sector more robust. In the credit boom, of course, the opposite happened. But that was not because loans were repackaged into tradeable securities, but because this was done in a way that left end investors (too often including the banks themselves) with no clue about the loans they were actually financing.

:blink: EXACTLY THE PROBLEM YOU SHITTING MORONS! FECK THE FT FOR WRITING SUCH CRAP!

Edited by gruffydd

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Asset-backed securities can be taken off banks’ balance sheets by end investors, a way – in principle – of rendering the banking sector more robust.

LOL!!!! That really worked, didn't it?

My god these people must be really thick.

Edited by Errol

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There was only one solution to stop these maniac bankers..... it was called unemployment, as a result of banks collapsing.

They will never stop doing it, because they don't believe they have done anything wrong.

Their mantra is, "if its making me money, its the right thing to do." They simply believe, "the system is rewarding me for doing the correct thing."

They are beyond redemption.

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That the Royal Bank of Scotland is issuing £4.7bn worth of mortgage-backed securities shows the financial practice that brought the bank down is not beyond redemption.

RBS bears deep scars from securitisation. Before the crisis, it relied heavily on MBS to fund its lending and suffered when that funding dried up suddenly. It was then fatally wounded by a portfolio of US subprime MBS it acquired with ABN Amro. Yet, if RBS manages to restart its securitisation machine, it would be a sign of health. It would give hope that the bank can wean itself off government guarantees and exceptional liquidity support.

So, who is rating these securities.. the same agencies who happily slapped AAA ratings on mortgages to crack houses? And who

(Actually, that's not fair. Crack houses have better cash flow than most subprime borrowers)

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So, who is rating these securities.. the same agencies who happily slapped AAA ratings on mortgages to crack houses? And who

(Actually, that's not fair. Crack houses have better cash flow than most subprime borrowers)

so do I buy government...or RBS bonds?

matters not, as the BoE will buy either.

What do people think when Merv says he is targetting bonds other than Gilts this round? Next? MacDonalds?M&S bonds? nah, its a bank bailout.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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