X hits on this document

Powerpoint document

Finance 431: Property-Liability Insurance - page 15 / 35

133 views

0 shares

0 downloads

0 comments

15 / 35

Sub-Prime Crisis

The housing market continued to boom and this led to soaring profits for all parties involved including investors, brokers, banks, rating agencies, and bond insurers.

Due to the MBSs being so lucrative, CDOs began to appear.  These packaged medium to low rated MBSs, which included mainly sub-prime mortgages, together to form CDOs that were able to receive AAA ratings for the same reason the other MBSs were able to receive AAA ratings in the first place.

Document info
Document views133
Page views133
Page last viewedMon Jan 23 09:14:46 UTC 2017
Pages35
Paragraphs399
Words2225

Comments