Tuesday, December 15, 2009

Return of Lending
Obama's meeting with the "fat cat" bankers made news yesterday. Apparently, Obama pressed the bankers to make loans. This is all well and good, but talk can only go so far. There have been glimmers of hope that lending is going to return without presidential prodding. As I have noted before, the CMBS market is re-emerging. Now I see this article on Bloomberg discussing the return of Collateralized Loan Obligations (CLOs).

The idea of traditional banking exists on a limited level - i.e. making loans and collecting interest until the loans mature. This is portfolio lending and it limits banks' capital because they cannot recycle and grow capital until the loans mature. Bankers now want to originate loans, package them into CLOs or CDOs or CMBSs, and then sell these groups of loans to third parties. The collapse of the packaged loan market and the inability to price these securities sparked the financial crisis of 2007 through 2009.

In an ideal world, the bankers now know how to price these securities and they surely know how these loan packages perform in down markets. The collateral backing the loans will be more realistic now due to the drop in asset prices over the past two years. A return of securitized lending will help the economy. It will also help companies that need to refinance debt.


Anonymous said...

Hello !.
might , probably curious to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may commense earning with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
AimTrust incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with structures everywhere: In USA, Canada, Cyprus.
Do you want to become a happy investor?
That`s your chance That`s what you wish in the long run!

I feel good, I began to get income with the help of this company,
and I invite you to do the same. It`s all about how to select a proper partner utilizes your money in a right way - that`s AimTrust!.
I make 2G daily, and what I started with was a funny sum of 500 bucks!
It`s easy to get involved , just click this link http://ymibituze.digitalzones.com/alajub.html
and lucky you`re! Let`s take our chance together to become rich

Anonymous said...

台灣少婦 -
素人自拍寫真 -
台灣美女自拍寫真 -
少婦自慰色情自拍寫真 -
台灣自拍寫真照片館 -
台灣自拍寫真 -
台灣論壇網友自拍貼圖區 -
網友自拍貼圖 -
網友自拍貼圖區 -
兔妹妹網友自拍貼圖區 -
超性感辣妹 -
辣妹脫光光 -
火辣美妹 -
色情站 -
成人網頁 -
色情網頁 -
色情網 -
激情網愛聊天 -
免費視訊聊天室 -
台灣色情 -
成人網站 -
美女聊天 -
裸辣妹聊天 -
美女視訊 -
激情網愛 -
情色成人 -
美女視訊聊天 -
聊天美女 -
視訊美女 -
聊天辣妹 -
視訊聊天 -
一夜情聊天室 -
辣妹視訊聊天網 -
淫蕩 -
限制級網站 -
18歲禁 -
情慾辣妹 -
成人頻道 -
辣妹裸體 -
台灣情色網 -

Anonymous said...

When i click "My computer" only apple iphone pictures show up and not the hardrive itself. I have the latest itunes and updates for my phone, but it's not recognizing the hardrive. What can i do to make my computer recognize the iphone 3g hardrive? I know you can because i did it on my other computer simply by plugging it in, but this one doesn't work.

[url=http://unlockiphone22.com]unlock iphone[/url]