$945 Billion Loss?begin quote:"The IMF, whose core mission is to maintain global financial stability, said there was "a collective failure to appreciate the extent of leverage taken on by a wide range of institutions -- banks, monoline insurers, government-sponsored entities, hedge funds -- and the associated risks of a disorderly unwinding."
"It is now clear that the current turmoil is more than simply a liquidity event, reflecting deep-seated balance sheet fragilities and weak capital bases, which means its effects are likely to be broader, deeper, and more protracted," it said.
The report criticizes the "excessive risk-taking" and "weak underwriting" undertaken by under-capitalized institutions and recommends such measures as reform of ratings systems and a change in compensation structures for managers of financial institutions."endquote.
http://news.yahoo.com/s/afp/20080408/pl_afp/imfeconomyfinanceproperty
_080408152731;_ylt=AjZ5OyrLw_9jmDg6G._Zg3hv24cA
The Title of the article at yahoo is dated april 8th 2008 and is called:"US Mortgage Crisis May Cost 945 bln dlrs worldwide:IMF
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- The ultra-lethal drones of the future | New York Post 2014 article
- reprint of: Drones very small to large
- most read articles from KYIV Post
- 158,008 visits to intuitivefred888
- A bad apple season has some U.S. fruit growers planning for life in a warmer world
- Chicago measles outbreak grows after more cases diagnosed in a migrant shelter
- I was trying to think what the future of the world with Global Climate changes will look like:
- The IBM 026 Key Punch machine for punching key punch cards
- Writing poems can be helpful in surviving your life(especially during the difficult times)
- time.com:How Tech Giants Turned Ukraine Into an AI War Lab
No comments:
Post a Comment