| 2008年美国金融危机分析 |
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n M&A, such as`The Glemm-Leach-Bliley Act"and"The Commodity Futures Modernization Act`.
Financial derivatives also played a role in this disaster. These financial instruments were and are a means of hedging and taking on risk. In 2001, the Commodity Futures Modernization Act, written with the help of the financial lobbyists, it banned the regulations of derivatives. Once the act was done, the use of derivatives and financial innovations exploded dramatically after 2000. Using derivatives, bankers could gamble on virtually anything. The most typical derivative is CDO; its full name is collateralized debt obligation, which combined thousands of mortgages and other loans. Among the mortgages, the subprime that I mentioned accounted large amount of the CDO. Subprime mortgages are loans for real estate that are granted to individuals who do not have the ability to obtain a prime mortgage. This means that the borrower's ability to repay the loan is questionable based on a number 上一页 [1] [2] [3] [4] [5] 下一页 |
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